The new terminal design is modular and flexible, so that it can be easily scaled up in future if demand exceeds the projections.
“Mayors Rachel Reese and Richard Kempthorne said that they were delighted to confirm that the two Council shareholders had given their approval to the investment at meetings last week. The planned development constitutes a major transaction under the company’s rules and therefore required shareholder approval.
“The high quality of the Board’s work made the decision for the two shareholder councils a relatively easy one. It’s also reassuring that the Company can carry the investment on its balance sheet and fund it from revenue growth without affecting dividends. The growth in passenger numbers that this development will cater for plus the future growth forecasts give us confidence that the airport will be very well placed to support our growing economy, visitors and residents of both of our districts.” the Mayors said.