ICG to acquire three regional airports for £200 million

ICG plans to acquire three UK regional airports from Rigby Group in a significant investment move.

ICG moves forward with £200 million acquisition of UK airports

ICG, a London-listed investment group, is nearing a £200 million deal to purchase three major regional airports in the UK. Sky News reports that Bournemouth, Exeter, and Norwich airports, which together handle over 2 million passengers each year, are expected to be acquired from the Rigby Group. Exeter airport, in particular, was previously the base for Flybe, a regional airline that failed after the pandemic. This acquisition reflects a growing trend among infrastructure investors capitalizing on the recovery of airport valuations as seen in recent deals involving other major British airports.

This acquisition highlights the increasing interest of investment groups in regional airports during a time of financial recovery for the aviation sector. With ICG stepping into the market, the focus shifts to how these airports will adapt to regain passenger numbers after the challenges of the pandemic. Investors are hoping to benefit from the rebound in air travel, making this a key strategic move against a backdrop of rising competition for airport assets. The evolving landscape of airport ownership further emphasizes the ongoing trend of privatization in this industry.

Highlights

The ongoing investments in airport infrastructure may reshape the future of regional aviation in the UK.