Macquarie Infrastructure and Real Assets (“MIRA”), via Macquarie European Infrastructure Fund 6 (“MEIF6”), has acquired Farnborough Airport (IATA: FAB) from a consortium of private investors.
Farnborough Airport is the birthplace of aviation in the UK. When opened in 1908, it 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. The airport handles more than 30,000 air traffic movements each year.
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.”