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49% stake in Robin Hood Airport for sale

03.10.09

The owners Robin Hood Airport revealed 49 percent of the facility is up for sale, the Sheffield Telegraph reports. Peel Airports - which also owns Liverpool and Durham Tees Valley - is looking to sell the stake to an investor to bring in cash for a series of investment projects.

The news comes just weeks after new figures revealed plunging passenger numbers at Robin Hood Airport. But Peel said the decision was not connected to the figures and confirmed their commitment to the airport. It is raising money for projects including a £12 million investment in its terminal at Liverpool. But the firm today stressed the business as a whole was not up for sale and it would keeping a controlling share of the company.

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