in Aerospace

Farnborough Airport acquired by MIRA

Posted 1 October 2019 · Add Comment

Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 6 (MEIF6), has acquired Farnborough Airport from a consortium of private investors.


Image Shutterstock

Farnborough Airport is the only dedicated business aviation airport in the UK. The airport, which handles more than 30,000 air traffic movements each year, has facilities designed to maximise travel efficiency, reliability and customer experience for passengers travelling to London and the South East.

Farnborough Airport was the world’s first dedicated business aviation airport to receive carbon neutral status from Airports Council International, and its facilities and services have seen it named Europe’s best Fixed-Based Operator (FBO) facility since 2005.

Leigh Harrison, Head of MIRA EMEA, 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.”

Brandon O’Reilly, CEO of Farnborough Airport, 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.”

Farnborough Airport is the birthplace of aviation in the UK. When opened in 1908, Farnborough Airport was the UK’s first airfield and the site of the country’s first powered flight. Internationally, the airport is known for being the site of one of the world’s premier events for the aviation industry – the Farnborough International Airshow.

MIRA is a leading global investor in airport infrastructure and FBO facilities, with approximately 72 million passengers using MIRA-managed airports each year. MIRA-managed funds are invested in 12 commercial airports across Europe and Australia, and 68 FBO facilities across the United States.

Macquarie has had a presence in the UK for 30 years, opening its London headquarters in 1989. Today, Macquarie is one of the largest investors in the UK, having invested and arranged more than £40 billion in infrastructure projects since 2005.

Shearman & Sterling LLP acted as external counsel to MIRA. J.P. Morgan Securities plc acted as financial advisers to the selling shareholders and Farnborough Airport and PricewaterhouseCoopers LLP also acted as financial advisers to the selling shareholders and Farnborough Airport. Cleary Gottlieb Steen & Hamilton LLP and Trowers & Hamlins LLP acted as external counsel to the selling shareholders and Farnborough Airport.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Sustainable Aviation calls for sector to be central to a green recovery

In a letter to the Transport Secretary, the Sustainable Aviation coalition has called for UK aviation to be at the heart of the Government’s economic recovery strategy, saying that a joined-up approach to decarbonising aviation will

Osprey CSL appointed as aircraft advisors to BAS

Osprey CSL is delighted to announce that it has been chosen by the British Antarctic Survey (BAS), an institute of the Natural Environment Research Council (NERC) to provide technical advisory services to support the definition and

AVPE and Redcliffe Precision merge

Suppliers of complex machined aerospace components, AVPE and Redcliffe Precision, have today announced a merger and the creation of AVPE Group.

Rolls-Royce to provide MTU propulsion systems for Royal Navy Type 31s

Rolls-Royce is to supply complete MTU propulsion systems for five new Type 31 general-purpose frigates for the Royal Navy.

Raytheon UK appoints Jeff Lewis as Chief Executive and Managing Director

Jeff Lewis has been appointed Raytheon UK’s new Chief Executive and Managing Director, effective today.

EasyJet to resume flying from 15th June

EasyJet has announced plans to resume some flights from 15th June, including the airline's daily services between Glasgow, London Gatwick and Belfast airports and resume flights across its European network in France from Nice, Paris

Atkins SK1405170620
See us at
DVD 2020SMI favws BT0602040620