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Article: Joint venture plan to rescue Derry Airport
- Article from:
- Belfast Telegraph
- Article date:
- October 13, 2009
- Author:
CopyrightCopyright 2009 Belfast Telegraph. Provided by ProQuest LLC. (Hide copyright information)
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SIX companies have been identified as potential partners in a
joint venture to run the heavily loss-making City of Derry Airport,
which could lead to its eventual privatisation.
Derry City Council at present owns the beleaguered airport, which
is receiving a ratepayer subsidy this year of Pounds 3.5m.
Last year the north west airport notched up losses of Pounds 4m.
The businesses engaged in initial discussions with the council
include an aviation services company, a property development
business and an infrastructure fund.
It is hoped that these and other potential partners will respond
to an invitation to tender seeking expressions of interest in a
joint venture.
A stipulation of the tender ...