Investors look into airport

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THE biggest investors in the airport industry are said to be interested in taking a share of one of the region’s airports.

Around 10 expressions of interest have been made in a 49 per cent share of Newcastle International Airport, which could involve millions of pounds of investment.

The majority share in the site is owned by seven North East councils, including Sunderland and Durham, which are looking for a new partner after Copenhagen Airports put its share on the market.

It comes as Easington MP Grahame Morris accused the Government of neglecting the region’s airports in a Parliamentary debate, with Newcastle and Durham Tees Valley seeing a fall in passenger numbers.

The benefit of the airport to the region is worth £646million, with £57million gross value added in tourism and it handles 4.7million passengers each year, a fall from 5.5million in 2007.