New owners for Norwich, Exeter, Bournemouth airports

[Snow1964]

ICG (an equity asset manager company) has entered into a partnership with RCA (Regional and City Airports) and the deal will cover Exeter, Bournemouth and Norwich airports.

Regional & City Airports (“RCA” or “the Company”), the operator of Bournemouth, Exeter and Norwich Airports and owner and operator of XLR Executive Jet Centres, today announced that it has entered into an agreement to partner with global alternative asset manager, ICG, after more than a decade of successful collaboration with Rigby Group. The transaction is due to close later this month.

The new partnership will see ICG’s European Infrastructure team support RCA’s continued growth, with the Company set to expand its airports, cargo and executive aviation operations. ICG is also focused on working with RCA to further accelerate sustainable aviation practices across its operations. RCA is poised to enter an ambitious new phase, with its strategic priorities remaining unchanged. ICG will work closely with the Company’s leadership and talented workforce through this new cycle.

Following a period of strong performance, operational transformation, and investment, RCA has become a model of successful regional aviation. Under Rigby Group’s stewardship, passenger numbers have risen to over 2 million, up 13% year-on-year, providing clear evidence of RCA’s sustained growth.

Regional & City Airports forms strategic partnership with ICG, following 12 years of growth with Rigby Group

"We’re proud to be partnering with one of the UK’s most dynamic regional airport groups in a transaction that underscores our commitment to supporting high-potential infrastructure assets."

www.icgam.com

Unclear yet what it means in terms of any growth or expanded facilities at these airports

 

[pug1]

There’s a decent airport up here in the Humber region just waiting to be snapped up… Come on RCA/ICG you know it makes sense.