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GBP325m deal secures expansion plans for the Manchester Airports Group.

Publication: M2 Presswire
Publication Date: 31-MAR-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 March 2004-Manchester Airport: GBP325m deal secures expansion plans for the Manchester Airports Group(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:03302004

A landmark GBP325m deal jointly led by The Co-operative Bank Plc and AIB Capital Markets will help fund the Manchester Airports Group's (MAG) plans for expansion.

Securing the capital enables the UK's second largest airport operator to further develop its crucial role in UK aviation.

With last year's government white paper confirming the importance of aviation as one of the main drivers of the regional economy, the deal is a significant step for MAG who own Manchester, Nottingham East Midlands, Bournemouth and Humberside airports.

The GBP325m will, in part, be used to...

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