Articles - PwC Appointed in Sale of Kent's Manston Airport

 PwC has been appointed to assist in the sale of Manston Airport in Kent.

 The airport is owned by New Zealand-based Infratil, an owner and operator of businesses in the energy, airport and public transport sectors, which made the announcement earlier today.

 Charles Buchanan, Chief Executive of Manston Airport, said: “This represents an opportunity for Manston to build upon the improvements Infratil has already made, and attract new investment into the airport and stimulate the growth needed to make it a success in the future.

 “For now and during this process it will be business as usual for the airport. I certainly view this as an opportunity to work with new investors whose development strategies and investment profiles more closely match the needs of businesses such as ours at this time.”

 PwC Partner, Coolin Desai, commented: “Manston Airport represents a strategic opportunity for an investor in light of the well documented congestion affecting all major airports serving London and the South East. With a runway capable of accommodating large aircraft including 747s, there is significant potential to grow both passenger and cargo traffic."