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Infratil sells Manston Airport

2 Dec 2013

On 15 October 2013, Infratil Limited announced that it had agreed to sell Manston Airport to Lothian Shelf (710) Limited (now known as Manston Skyport Limited), an entity wholly owned by Ann Gloag.

Infratil now confirms that the sale was completed on 29 November 2013. As indicated on 15 October, the sale was for cash consideration of £1 plus an adjustment for working capital variances and cash injected by Infratil between 14 October 2013 and transaction completion.

Marko Bogoievski, Chief Executive Officer of Infratil, stated "Infratil is pleased that Manston Airport has been acquired by a purchaser with a vision for its future development, and extends best wishes to the new owner, and staff, going forward."

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