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Manchester Airport Seeks Fresh Airport Meat

Massive Breaking News: We don’t know which one MAG wants to buy (Edinburgh or Stansted) or who the mystery airport backer may be - but we know something’s happening sometime

Published on February 16th 2012.


Manchester Airport Seeks Fresh Airport Meat

WHEN CONFIDENTIAL received this joint statement by the Association of Greater Manchester Authorities and the Manchester Airport Group (MAG) we sort of dismissed it as so vague we couldn't be bothered repeating it.

But since so many other media groups such as the BBC have covered it, we truculently feel compelled to join in, just in case our readers miss out on its vacuity.

So we know MAG wants to expand probably by buying Edinburgh or Stansted Airports we reckon, and we know they want a big investor to get involved. But we don't really know who, where or when. 

Here is the release: 

'Following a strategic review of the group's performance and future prospects, MAG is pursuing two key recommendations: one to explore the opportunity to add another quality airport to the group and the other, to bring in new equity investment as part of the deal. Both of these recommendations are interdependent and one will not happen without the other. 

'MAG is already a key driver of jobs and growth in the north of England, but these proposals would allow the group to strengthen this position - and deliver maximum value for the local authority shareholders. 

'To make this possible, new governance arrangements are necessary, which each of the 10 Greater Manchester authorities would have to consider. The Association of Greater Manchester Authorities has agreed an in-principle framework for a new structure which will be considered by the individual local authorities over the coming weeks. 

'In parallel with this process, MAG will begin to invite detailed proposals from private investors. No final decisions will be taken - and no further substantive statement issued - before a potential investment partner has been identified and detailed arrangements progressed. We anticipate it will take a few months to reach this point.'

Marvellous, so we know MAG wants to expand (probably by buying Edinburgh or Stansted Airports), and we know they want a big investor to get involved. But we don't really who, where or when. And they're not going to let on. 

Not sure why we had the statement at all really.

Still, dear readers, at least you know what we know.

We Can Confirm This Is A Plane At Manchester AirportWe Can Confirm This Is A Plane At Manchester Airport

 


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11 comments so far, continue the conversation, write a comment.

Paul MFebruary 16th 2012.

What do we think? Probably that this piece needed running through a spell-checker...

EditorialFebruary 16th 2012.

Have no idea what you're talking about...er thanks, changed

AnonymousFebruary 16th 2012.

Equity investment and a change in management structure smells of an exit strategy and a way to set themselves up for a future sale of MAG by the councils.

Calum McGFebruary 16th 2012.

Boo. Keep MAG - it's a nice little earner for MCC!

AnonymousFebruary 16th 2012.

I'd also like a big investor to buy me stuff. Airport, sea port, bottle of port..

DavidFebruary 16th 2012.

What record do MAG think they have,which suggess they be allowed to run any other airport?.They not exactly been growing passenger numbers,since the second runway was built at Manchester Airport.Peel have made a much job of running Liverpool Airport.They grew that airport from one carrying a few hundred thousand passengers to one that carried several million.

Maybe the council could sell it to Singapore.Then we might have clean,modern terminals like Changi.Plus a management that could attract direct flights to China or other important emerging markets.

Claire AkbarFebruary 20th 2012.

Not sure what spelling mistake you changed exactly but it's Stansted, not Stanstead (in the subheading). Also on your Jamie Oliver Restaurant review, apparently Manchester now has a King's Street?

I am sad, I know but it makes me flinch a bit.

1 Response: Reply To This...
EditorialFebruary 20th 2012.

There was another speller as well. Think we're up to date now. Thanks

Claire AkbarFebruary 20th 2012.

Great!! Now your defective website has appended my pre-existing username with my email address! I'll leave it there, I reckon. As it happens, I am a web test analyst, drop me an email if you would consider improving the site.

2 Responses: Reply To This...
EditorialFebruary 20th 2012.

That's odd it's not done that before. Will pass on to the techies

Kristina BonevaFebruary 20th 2012.

All fixed.

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