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in 2006 Balfour Beatty's consortium company, Regional and City Airports (RCA), was been appointed preferred bidder to acquire Exeter and Devon Airport Ltd, which owns and operates Exeter International Airport the acquisition was completed in January 2007. The total consideration for the acquisition was £60 million.
The airport has a strong recent growth record and traffic and passenger growth is forecast to continue, helped by its status as an important base for FlyBe. Exeter International Airport enjoys a strong local economy, a high propensity to fly and has significant opportunity to increase both its regional market share and its local penetration. The airport will be substantially redeveloped with new terminal facilities, new aircraft stands and in the longer term, further terminal capacity, stand and taxiway development.
For more information, see the press release and Exeter Airport's website.
