Canadians to invest in Durham Tees Valley Airport?
03.02.10
Durham Tees Valley Airport could receive a major investment boost after it emerged that a Canadian airports operator is looking to take a stake in the business. The Northern Echo reports that talks are ongoing between Vancouver Airport Services (VAS) and Peel Holdings, which operates Durham Tees Valley Airport. Peel Holdings would not confirm or deny that negotiations had taken place, but a spokesman reiterated the firm’s desire to sell part of its UK airports business, Peel Airports.
Industry expert David Bentley, joint managing director of consultancy Big Pond Aviation, told the newspaper that Durham Tees Valley Airport would benefit from the potential investment by the Canadian airport operator, a firm he said was ‘well respected in the industry’. VAS operates 18 small to medium sized airports around the world, serving a combined 30 million passengers annually. Several failing airports had been turned around by the Canadian company, Mr Bentley said, adding: ‘They have the funding, they have the expertise, I think it would be a good thing for the North-East if they are involved in a deal.'
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