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Manchester confirms Stansted bid

Manchester Airport Group (MAG), which owns Manchester, East Midlands and Bournemouth airports in the UK, has confirmed it will submit a bid for London Stansted Airport (STN) with Industry Funds Management (IFM) as its investment partner.

Manchester Airport Group (MAG), which owns Manchester, East Midlands and Bournemouth airports in the UK, has confirmed it will submit a bid for London Stansted Airport (STN) with Industry Funds Management (IFM) as its investment partner. Current owner BAA has been forced by a Competition Commission ruling to sell the airport and the closing date for submission of bids is understood to be Oct. 23 (ATW Daily News, July 26).   MAG chief executive Charlie Cornish said: ...

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