Macquarie Asset Management has taken control of London City Airport (LCY) after acquiring an additional 50% equity stake, increasing its total ownership to 75%.
Australia's Macquarie Asset Management has bought stakes in Bristol Airport (BRS), Birmingham Airport (BHX) and London City Airport from a Canadian investor.
London City Airport is seeking approval to introduce Airbus A320neo operations as part of its strategy to grow passenger capacity without increasing flight movements.
London City Airport has been cleared to grow from 6.5 to 9 million passengers annually, although plans to extend its Saturday opening hours have been rejected.
With a new firm order for 30 Airbus A220-300s and purchase rights for a further 20, AirBaltic is positioned to grow its fleet to 100 of the type by 2030.
Crossover jets may be becoming more popular among airlines, but there is one airport where almost the entire schedule is comprised of the small airliners.
Blue Air’s expansion from Bucharest, Cluj-Napoca and Iasi, Flybondi restarting international service, and Frontier Airlines launching flights from New York Stewart are among the latest route announcements and services resuming.