Liverpool City Council have recently bought a £12M stake in Liverpool John Lennon Airport
Liverpool John Lennon Airport (JLA) has been in the news this week. Its rumoured Liverpool City Council have paid £12M for a 20% stake in JLA. The Peel Group acquired a 65% stake in JLA from Vantage Airport Group in 2014. This gave The Peel Group full ownership of the business as they already owned 35% of JLA. The Peel Group also owns The Port of Liverpool.
The announcement by JLA and the city council comes just a couple of weeks after the flybe flight to Amsterdam was cancelled after only six months. This is considered to be an economic blow to the airport and wider area. The route was vigorously promoted as the gateway to the world, a link to Schiphol Airport in Amsterdam operated by Flybe.
Mayor Anderson said:
“John Lennon Airport delivers a huge economic boost for the city region, employing thousands of people directly and indirectly.
“It is the gateway to the city from many destinations and it is absolutely vital that it continues to grow, create more jobs, boost economic growth and develop tourism. This opportunity to play a more active part in its future expansion and success makes it a sound investment for the city council.
“This is part of our Invest to Earn strategy where we are able to make investments that deliver a return which we can then plough back into supporting council services. This funding can only be used for investments and we are not taking money away from frontline services for it.”
Here at CHM Chauffeuring we operate airport transfers from Warrington to John Lennon Airport. This investment by Liverpool City Council can only be good news for all businesses in the area. We hope the airport continues to grow and we would like to wish the JLA and the city council continued success.
You can read more about this story in detail over at Liverpool Confidential.