Understand
Strong interest shown by buyers in purchasing Gloucestershire Airport
Overview
Council leaders report a strong level of interest in purchasing Gloucestershire Airport, which is jointly owned by Gloucester City Council and Cheltenham Borough Council and currently runs at an annual loss of about £2.1m. A previous sale fell through in March, but entrepreneur Julian Dunkerton has confirmed he is teaming up with an airport operator to make an offer. Property company Savills has managed the bidding process, and a preferred bidder is expected to be confirmed imminently.
Key points
- Gloucestershire Airport is jointly owned by Gloucester City Council and Cheltenham Borough Council and runs at an annual loss of about £2.1m.
- A previous planned sale collapsed in March after eight months of negotiations.
- Superdry co-founder Julian Dunkerton is teaming up with an airport operator to submit a bid to protect the airport's future.
- Property company Savills has managed a robust assessment process for the bidding, with a preferred bidder expected to be confirmed imminently.