Balfour to close Blackpool airport if no buyer found

Aaron Morby 8 years ago
Share

Balfour Beatty plans to close its loss-making Blackpool Airport business if a buyer cannot be found by early next week.

The contractor bought the site back in 2008 for around £14m.

Balfour has invested almost £30m in the site since then, but passenger numbers have dropped over the years and the airport is reported to be running at a £1.5m loss.

It decided to put the airport up for sale a month ago as part of a plan to raise cash from offloading assets.

In a statement Balfour said: “We regretfully confirm that if no agreement can be reached before 7 October 2014, which ensures the viability of its operations, then it is likely that the airport operations will close.

“In this event, we expect that the last commercial flights will take place on Wednesday, 15 October 2014.”

Cllr John Jones, Blackpool Council’s cabinet member for highways and transport, said: “We have been aware that Balfour Beatty have been making significant losses at the airport, however, the speed of the decision comes as a shock and we are naturally disappointed.

“Our first concern is, of course, for customers and those who are overseas or are due to be overseas at the time of the intended closure date, as well as those who have existing bookings.

“We will be seeking answers from Balfour Beatty and the airlines over these issues immediately.”

He added: “We will now work with Balfour Beatty as well as Fylde and Wyre Councils, to maximise the value of the site to the Fylde coast and look at how it can contribute to creating jobs and supplying and complementing industry.”

Latest news

Kier pulls off contracts league double in July

Contractor bags highest value of new work and tops rolling 12 months ranking
4 hours ago

Hinkley Point C giant water intakes craned onto seabed

Video: contractors complete one of the world’s most complex marine engineering projects
3 hours ago

Taziker revenue jumps 30% to record £73m

Multi-disciplinary engineering specialist boosts headcount to 366 staff
2 hours ago

Consultant buys scaffolding contractor

RSK Group makes MG Scaffolding its latest acquisition
3 hours ago

M&E specialist gears up for £16m Aston Martin package

Major package award on McLaren Silverstone site
3 hours ago

Plans in for Brentford 110-flat canalside scheme

Makers’ Yard mixed commercial and residential use scheme
2 hours ago

WSP to buy consultant RPS Group for £591m

5,000 staff at Oxfordshire based firm to join WSP
1 day ago

Countryside puts offsite factory up for sale

Offers invited for Bardon plant which is less than a year old
1 day ago

M&E specialist Spie UK arm returns to profit

French parent group launches a strategic review of UK operations after performance stabilises
1 day ago

Site boss fined for locking out safety inspectors

Police called to enter site before fire fighters rescue workers stranded on roof
1 day ago

Rebid starts for £200m M5 junction job

Cost inflation forces retender for £200m junction 10 rebuild near Cheltenham
1 day ago

New Downing Construction boss named

Andy Thomas takes top job as Ian Orton steps back after 24 years
1 day ago

Plans in for 600 homes at London Aylesbury estate

Notting Hill Genesis aims to start work next year on phase 2 of Southwark estate rebuild
1 day ago

Tide gets green light for UK’s tallest modular tower

Volumetric specialist to build 48-storey student skyscraper at Canary Wharf
3 days ago

TopHat cuts losses and aims for profit in three years

Modular specialist investing for future as latest results show £19.4m loss
2 days ago

Story Contracting names next chief executive

Andy Joy to be promoted to CEO as Jason Butterwork becomes vice chairman
2 days ago

Stalled £100m North London build-to-rent tower to start

Essential Living commits to start Swiss Cottage scheme six years after planning OK'd
2 days ago

Bidding starts for Pagabo £1bn medium works deal

Extra small project lot added in framework renewal
2 days ago

Vital funding deal for £50m A38 Midlands upgrade

Work could start early next year on A38 BREP now out to tender
2 days ago

Graham wins £16m National Railway Museum job

Firm seals pre-construction deal as new museum Central Hall gets planning green light
2 days ago

Demolition starts on half-built £48m Taylor Wimpey flats

Furious local residents blast house builder over "unbearable" noise
5 days ago

Civils contractor fined £600k after boy dies in drainage pipe

Workers find seven-year-old who suffocated on housing site
6 days ago

Plan for trio of towers at old Yorkshire Post site

Galliford Try advises on construction plan for Leeds student and build to rent towers
5 days ago

Insolvency to rival inflation as project cost threat

Inflationary pressures likely to peak this year before easing in 2023, but supply chain stress is growing.
5 days ago

B+K starts £300m Sheffield West Bar scheme

Funding deal triggers start on major mixed-use scheme
5 days ago

Willmott Dixon bags £44m Passivhaus leisure centre

Private builder prepares to start Staines-upon-Thames complex
5 days ago

Go-ahead for £160m Cambridge mixed-use scheme

Devonshire Gardens will consist of 70 private rental flats and 120,000 sq ft of offices
5 days ago

Construction buyers report first drop in output for 18 months

Civil engineering worst performing sector
6 days ago

Construction and infra margins hit 3.2% at Morgan Sindall

Contractor picking deals carefully as inflation continues to bite
6 days ago

Morrisroe Group revenue tops £200m

Pre-tax profit halves to £2.7m as cost inflation bites
6 days ago

Contractor services