Posted on: 30 September 2019 by Chloe Greenbank
The UK’s only dedicated business aviation airport, Farnborough Airport, has been acquired from a consortium of private investors by Macquarie Infrastructure and Real Assets (MIRA).
Handling more than 30,000 air traffic movements each year, Farnborough Airport opened in 1908 as the UK’s first airfield and the site of the country’s first powered flight. “The significant investment that has occurred at Farnborough Airport over the past two decades under the previous shareholders has been transformative. With a number of development projects already underway, we are excited to partner with Macquarie to further develop our offering to the business aviation market,” said Brandon O’Reilly, CEO of Farnborough Airport.
A global investor in airport infrastructure and FBO facilities, with approximately 72 million passenger using MIRA-managed airports each year. MIRA-managed funds are invested in 12 commercial airports across Europe and Australia, and 68 FBO facilities across the US.
Leigh Harrison, head of MIRA EMEA said: “In addition to holding an important place in UK aviation history, the airport is known for its high quality offering to customers. Drawing on our extensive experience managing airport infrastructure around the world, we look forward to partnering with Farnborough Airport to ensure it remains an important contributor to the local economy and a business aviation gateway to London and the South East.”