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Norwich Airport sold in £200 million deal

ICG is set to acquire Norwich Airport along with Exeter and Bournemouth Airports.

August 4, 2025 at 07:57 AM

Norwich Airport set to be sold along with two other airports

Norwich Airport is poised for a significant ownership change with ICG's purchase.

Norwich Airport enters new ownership in £200m deal

London-based investment firm ICG has reached an agreement to buy Norwich Airport along with the airports in Exeter and Bournemouth from Rigby Group. This deal, valued at £200 million, marks the end of Rigby Group's management after over ten years. The three airports together serve more than two million passengers annually, with Norwich Airport alone reporting nearly 430,000 passengers in the year ending March 2025. The transaction is expected to be finalized later this month, signaling a new chapter in the airport's development and regional significance.

Key Takeaways

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ICG purchases Norwich Airport for £200 million as part of a larger deal.

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The sale includes Exeter and Bournemouth airports, enhancing regional operations.

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Norwich Airport saw a 23 percent increase in passenger numbers thanks to new flights.

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The partnership includes plans for Imperial Park, aiming for 1.2 million square feet of workspace.

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Leadership expressed optimism about growth and community impact.

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The transaction reflects an increasing interest in regional infrastructure by investors.

"“Over the past decade, we’ve made tremendous progress, expanding our route network and strengthening our role as a regional gateway.”"

Richard Pace highlights the airport's growth and potential under new ownership.

"“Now is the right time for the next phase in Regional & City Airports’ growth.”"

Steve Rigby underscores the strategic timing of the airport's sale for future development.

The sale of Norwich Airport demonstrates a growing trend in regional infrastructure investments as private equity firms seek opportunities in essential services. This deal could reshape regional travel and connections, enhancing the airport's potential for growth, particularly in an era where air travel is rebounding. The inclusion of the adjacent Imperial Park in the agreement indicates a focus on creating a comprehensive transport and business hub, which may attract further investments and partnerships.

Highlights

A new chapter awaits Norwich Airport and the region
The sale marks a significant milestone for our growth
Now is the right time for a new phase of development
An exciting opportunity to unlock our potential in aviation

Potential risks involved in airport ownership transition

The change in ownership could lead to uncertainty regarding future operations, job security, and service levels at Norwich Airport, which may affect the local community and stakeholders.

This acquisition could transform Norwich Airport into a more significant regional player.

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norwich airport icg rigby group travel business transportation regional news

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