Blackpool City Council takes over full ownership of the site
Balfour Beatty has sold its 95% share in Blackpool Airport to the city’s council for £4.25m.
Blackpool Council has acquired all shares in Regional and City Airports (Blackpool) Holdings Ltd and thus takes over full ownership of the airport site (pictured).
A Balfour Beatty spokesperson said: “The sales of Blackpool Airport further simplifies the portfolio, in line with the Group’s strategy.”
Blackpool Council previously owned the airport in 2004, when it was sold to City Hopper Airports for £13m, before being sold to Balfour Beatty in 2008.
The airport was placed into administration in 2014, closing temporarily before reopening with reduced capacity.