TBI , the London and Cardiff-based property investment and development company which acquired Cardiff Airport last year, looks set to take a controlling interest in Coventry Airport next month.
Coventry Airport is owned by the council and is run by Airport Management & Investment. But under a joint venture agreement, AM&I, backed by TBI, is to take 80% of the shares with the council holding 20% John McGuigan, the council’s policy director, said a formal date for the transfer of Coventry Airport to the new joint venture company has been set for 1 June.
McGuigan said: “We welcome the involvement of TBI which can bring financial, property and airport expertise to support AM&I’s management strength and experience.”
