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Airport Statement
Peel Airports Limited has decided to sell the majority shareholding it holds in Durham Tees Valley Airport. As a consequence, PwC have been appointed to actively seek a buyer for these shares and to oversee any subsequent sale process.
Peel Airports has made this decision as Durham Tees Valley Airport no longer fits within the company's strategic plans for its portfolio of airports.
Durham Tees Valley Airport will continue to operate as normal during this process with passengers due to travel over the coming weeks and employees based at the Airport unaffected by this decision.
75 per cent of Durham Tees Valley Airport is currently owned by Peel Airports Limited with the six local authorities owning the remaining 25 per cent.
Issued 14th December 2011
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