Infrastructure investment firm InfraBridge, with whom Aena jointly owns Luton, has agreed to sell a 51% stake in a newly formed holding company to Aena, with the new company owning 100% of Leeds Bradford and 49% of Newcastle International airport.
InfraBridge will retain a 49% shareholding in the newly formed company. Reuters reports the deal as being worth £270 million. Under the new structure, Leeds Bradford and Newcastle International will continue to be operated and managed independently of each other.