06.04.08
Belfast City Airport has insistedit is not on the market. Speculation has been raised recently that Ferrovial, the Spanish company that owns the facility, is considering selling it in a bid to reduce its debt burden of more than £23 billion.
Ferrovial bought the airport in 2003 for £35 million, but analysts say the company could sell it for £150m - £200m. However, spokesman for the airport said: ‘There has been media speculation surrounding the future ownership of the Belfast City Airport. I can clarify the specific media speculation by stating that no approach, in any form, has been made by the investment bank JP Morgan regarding a possible sale of the airport.'
‘It is understandable that in the current climate and in light of ongoing activities at BAA [also owned by Ferrovial] there will be speculation regarding Ferrovial’s assets, however, Belfast City Airport is not currently on the market.’
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