Macquarie Infrastructure buys Farnborough Airport in UK

2 October 2019 (Last Updated October 2nd, 2019 09:25)

Macquarie Infrastructure and Real Assets (MIRA) has acquired Farnborough Airport in the UK from a consortium of private investors.

Macquarie Infrastructure buys Farnborough Airport in UK
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Macquarie Infrastructure and Real Assets (MIRA) has acquired Farnborough Airport in the UK from a consortium of private investors.

A dedicated business aviation facility, Farnborough Airport handles more than 30,000 aircraft movements every year.

It was the first dedicated business aviation hub to receive carbon-neutral status from Airports Council International.

After registering a 7.4% rise in 2017, the airport received approval to boost capacity to 50,000 movements per annum.

It has been named Europe’s best fixed-based operator (FBO) facility since 2005.

MIRA EMEA head Leigh Harrison said: “We are delighted to announce our investment in Farnborough Airport. 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.”

Farnborough Airport CEO Brandon O’Reilly said: “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.”

It is estimated that around 72 million passengers use MIRA-managed airports every year.

In May last year, Gulfstream Aerospace opened a larger purpose-built service centre at TAG Farnborough Airport and NATS extended its Hub and Spoke Electronic Flight Progress Strip (EFPS) system to Farnborough Airport.