Exeter Airport sold to ICG investment group

ICG acquires Exeter Airport as part of a £200m deal involving two other airports.

Exeter Airport sold to investment group ICG

Exeter Airport is being sold to investment firm ICG in a significant £200 million transaction that also includes Bournemouth and Norwich airports. According to reports, the sale has been agreed upon with the Rigby Group, although neither ICG nor Rigby has commented officially. The announcement about the sale is anticipated shortly, with local business leaders already informed about the details. This acquisition marks a notable event in the UK’s regional aviation landscape.

The acquisition of Exeter Airport by ICG highlights a growing trend of consolidation in the aviation sector, especially among regional airports in the UK. This move could signal an effort to streamline operations or enhance services at these airports but also raises questions about the future strategies of these facilities under private ownership. The success of this investment will depend on ICG's ability to adapt to changing consumer habits and potential market challenges in a post-pandemic travel environment.

Highlights

The future of these airports now rests in the hands of ICG and their strategic vision.