Canadians consider airport investment
03.02.10
Durham Tees Valley Airport could receive a major boost after it emerged that a Canadian airports operator is considering taking a stake in the business. The Northern Echo reports talks are ongoing between Vancouver Airport Services (VAS) and Peel Holdings, which owns and operates Durham Tees Valley Airport. A Peel Holdings spokesman would not confirm or deny that negotiations had taken place, but reiterated the firm’s desire to sell part of its UK airports business.
Industry expert David Bentley, joint managing director of consultancy Big Pond Aviation, told the newspaper that Durham Tees Valley would benefit from an investment from the Canadian airport operator, a firm ‘well respected in the industry’. VAS operates 18 small to medium sized airports around the world, serving a combined 30 million passengers a year. Several failing airports have been turned around by the company, Mr Bentley said, adding: ‘They have the funding, they have the expertise, I think it would be a good thing if they are involved in a deal.'
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