Liverpool John Lennon Airport (JLA) has announced a change to the structure of its ownership. The Peel Group, which previously held a 35% shareholding in Vantage Airports UK, the current owners of JLA, has reached an agreement to acquire the remaining 65% stake in the business from Vantage Airport Group.
Peel says this change of ownership is effective immediately and it will now become the sole owner of the Airport Company.
Peel says that over the past four years, under the ownership of Vantage Airport Group, Liverpool JLA has undergone significant improvements but Vantage now wishes to focus on projects that position the company for growth in North America and other markets.
A company statement says it will remain: “business as usual for airport employees, airlines and passengers, with JLA continuing to serve the needs of the travelling public in Merseyside and the North West.”
Matthew Thomas, CEO of Liverpool John Lennon Airport commented, “The Airport is a key project in Peel’s Ocean Gateway programme, which will see £50 billion of investment in the North West. As part of one of the region’s largest and most successful organisations, the Airport now enters an exciting period in its development as we work with partners across the City Region to grow services and passenger numbers.”