Anyone using Manchester airport regularly will know that it can no longer cope with its current levels passenger traffic. Now the owners of Manchester Airport plan to invest £1bn over 10 years to upgrade. Manchester Airport grew passenger numbers by 6% in its last financial year and expects to add another 5% in the 2015-16 period. The investment, funded by a combination of improving cash flow and additional debt, will involve expanding the main terminal building and improving another terminal.
Manchester finally presses the go button on expansion
Anyone using Manchester airport regularly will know that it can no longer cope with its current levels passenger traffic. Now the owners of Manchester Airport plan to invest £1bn over 10 years to upgrade. Manchester Airport grew passenger numbers by 6% in its last financial year and expects to add another 5% in the 2015-16 period. The investment, funded by a combination of improving cash flow and additional debt, will involve expanding the main terminal building and improving another terminal.