Durham Tees Valley Airport (Image: Adam Brookes/CC BY-SA3.0)
News

Tees Valley Mayor buys Airport for £35m

Local Mayor Ben Houchen has agreed to buy Durham Tees Valley Airport (MME/EGNV) for a reported £35m from the Peel Airports Ltd. The airport, which is currently losing £2.5m per year is, according to Mr Houchen, “missing piece of the jigsaw” for development and business in the Tees Valley area. [read more]

WOW Air Airbus A320 TF-BRO (Image: Nick Harding / Aviation Wales)
News

Frontier Airlines owner seeks stake in WOW Air

The parent company of Frontier Airlines, Indigo Partners, has said it plans to buy a stake in struggling WOW Air following the collapse of the takeover bid from Icelandair. The US based private equity firm already owns a stake in several budget airlines including European carrier Wizz Air. WOW Air [read more]

Virgin Atlantic (Image: Max Thrust Digital)
Airline news

Virgin Atlantic eyes Flybe for potential take-over

Leading UK airline Virgin Atlantic has confirmed it is in talks with Flybe about a potential takeover. The talks come after the airline put itself up for sale after concerns were raised about it’s susceptibility to cash flow demands from creditors and payment processors following multiple profit warnings. It is likely [read more]