- Moderator
- #521
If they are going along the MAN/BHX path they'd be looking to investors rather than the private sector buying the airport completely.
The private investor part of the BHX ownership, with just under 50% of the equity, is Ontario Teachers' Pension Plan (it also own Bristol Airport outright). OTPP is one of the largest institutional investors in the world with over 170 billion Canadian dollars (about £100 billion) worth of assets.
MAN is owned by Manchester Airports Group (MAG) which also owns Bournemouth, East Midlands and Stansted airports. The private investment part with just over a third of the equity is the Australian investment fund, IFM Investors.
In the cases of both BHX and MAN the public sector parts of the ownership comes from local authorities around Birmingham and Manchester respectively.
In CWL's case any private sector investor would be partnering a national government rather than local authorities but I'm not aware of any reason why this could not work as well as it does with local authority partners.
So the WAG might be looking for an investor to partner them bringing in additional funding, or an experienced airport operator to take over the running of the airport. From recent pronouncements it seems the former path is more likely.
Would be a bit ironic if they do get investors and they were OTPP! That i think is still a while away but the airport does seem to be in good hands and recovering nicely.