Coventry Airport sold
29.04.10
Multi-millionaire technology tycoon and aviation fan Sir Peter Rigby has completed the purchase of Coventry Airport. Midlands based Patriot Aviation Group, owned by Sir Peter, has taken over the airport for an undisclosed fee and aims to create a commercial regional hub at the site with a full air traffic service. Scheduled passenger flights could be reintroduced at a later date, he said.
The airport shut at the beginning of December, but passenger flights had stopped in 2008. Up until December the airport had continued to handle freight, private jets and training flights. Sir Peter said its location was a positive factor and his company would maintain a full service with business jets, cargo, light aircraft and helicopters.
Sir Peter said: ‘I'm truly excited to be launching a new era in the long history of Coventry Airport. Not only is this acquisition the next logical step in the development of Patriot as a leading general aviation player, but it is also essential in supporting the local economy. The airport sector and aviation in general have had a difficult few years, however, I expect it will pick up in line with an overall economic recovery and the region will be better positioned to benefit from this with a well managed local airport.’
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