£1.25million airport windfall for Council
Date published: 04 December 2015
Manchester Airport
Rochdale Borough Council has landed a £1.25 million windfall from profits at Manchester Airport.
The borough is one of the 10 Greater Manchester local authorities to part-own Manchester Airports Group which yesterday announced record results and its highest-ever interim shareholder payout of £38.6m. A total of £25 million will be split between the councils.
Manchester will receive nearly £14 million as a 35.5 per cent stakeholder, while the other nine boroughs will share the profit from their joint 29 per cent holding.
Six-month revenues — boosted by unprecedented passenger numbers and new route development with the company experiencing its most successful summer ever — rose by nearly six per cent to £445.5 million compared with the same period last year. August was the busiest in its 77-year history.
Manchester Airports Group Plc (M.A.G.) — which employs over 4,500 people — is the UK’s leading airport group and owns and operates Manchester, London Stansted, East Midlands and Bournemouth Airport, serving around 50 million passengers a year.
Do you have a story for us?
Let us know by emailing news@rochdaleonline.co.uk
All contact will be treated in confidence.
Most Viewed News Stories
- 1Middleton band to rock Arena in 10-year anniversary celebrations
- 2Council welcomes its biggest ever intake of apprentices
- 3Rochdale mosques celebrate first ever Duke of Edinburgh awards ceremony
- 4Heartfelt tributes to a “remarkable” community man and volunteer
- 5Road closed as car crashes into stationary vehicle and damages gas pipe
To contact the Rochdale Online news desk, email news@rochdaleonline.co.uk or visit our news submission page.
To get the latest news on your desktop or mobile, follow Rochdale Online on Twitter and Facebook.
