SOUTHEND Airport could be sold, as the owner’s search for the “right buyer” begins.
In a statement released on March 2, a spokesman for Southend Airport said: “Our parent company Esken is exploring a sale of London Southend Airport, and initial planning for this has already started.
“Esken will look for the right buyer with the capital to support our new management team and our ambitious growth prospects over the long term.
“Ultimately this will benefit our airline partners, customers, local stakeholders, and the region.”
The news of the sale came after Esken issued an update on its strategic review process and trading performance.
A spokesman for Esken stated: “The board has concluded that it is in the best interests of all stakeholders to secure the long-term potential of these businesses and deliver value for Esken shareholders through a managed disposal process.
“A sale process for Esken Renewables is currently in progress, with a number of interested parties involved in discussions.
“A decision has also been taken to explore a sale of the aviation business, primarily London Southend Airport, with initial planning for this phase having commenced.
“A key objective will be to find the right buyer with the capital to support the growth prospects of the airport over the long term and benefit airline partners, customers and local stakeholders.”
This news comes a month after Southend Airport secured a multi-year partnership agreement with easyJet to operate from the Airport, including a new route to Amsterdam.
This summer, flights, beginning on March 29, are set to be up 30 per cent on last season.
Flights will see destinations including the new Amsterdam route, alongside increased frequencies to Faro and Malaga.
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