A Chinese-led consortium has won a bankruptcy auction for Spain’s Ciudad Real Airport which closed in 2012. The sole bidder was the Tzaneen International group which offered €10,000 (US$10,800) for the facility which had cost €1bn (US$1.08bn) to build.
Ciudad Real, with a theoretical annual passenger capacity of 2.5 million, is located approximately 145 miles (233km) south of Madrid. It was built during Spain’s boom years and opened in 2008 as a potential alternative gateway to the Spanish capital’s Barajas Airport. Ciudad Real handled its last flights in 2011 and closed in 2012 after its operator went bankrupt.
It is not yet clear if the sale to the consortium will go ahead as it is still possible that another buyer – outside of the auction process – could meet the €28 million (US$30m) asked by the receiver before the deadline set for the end of September.
Photo: Ciudad Real Airport by Africa Twin. Licensed under Public Domain via Wikimedia Commons