Dutch airport management company Royal Schiphol Group has signed an agreement in principle to purchase a 40% stake in Maastricht Aachen Airport (MAA ) in Limburg, the Netherlands, for a €4.2m consideration.

Under the agreement, the two companies agreed to jointly invest in the future of MAA, the second-largest cargo airport in the Netherlands.

MAA also provides passenger flights to Italy, Portugal, Spain and the UK, among others.

The airport is also home to various maintenance firms, which collectively serve as a maintenance cluster for aviation.

MAA CEO Jos Roeven said: “We are very pleased that in Schiphol: we have found the right strategic partner to invest in our ambition to make MAA an innovative and sustainable airport that is well embedded in its region.”

The partnership is expected to help MAA develop into a sustainable and future-proof airport, with electric flying being one of the key focus areas.

To this end, an environmental fund will be created with contributions from governments and companies, as well as €800,000 from the Royal Schiphol Group.

Furthermore, the two parties agreed on knowledge sharing in the areas of commerce as well as real estate.

The alliance also aligns with the Dutch Government’s aviation policy, requests from Parliament and the amendment of the Provincial Council of Limburg.

Royal Schiphol Group CFO Robert Carsouw said: “Our contribution to society is to connect the Netherlands with the rest of the world. Regional airports are an important element in this strategy.

“The idea that airports in the Netherlands form a single system, as expressed in the Dutch aviation policy, is very appealing to us.

“By collaborating intensively and investing in Maastricht Aachen Airport, we can share knowledge and expertise and make optimal use of the scarce capacity available in the Netherlands.”