40:
484:, collectively own 29%. In 2012, it was decided that rules on shareholding would be changed to allow external, private investors to purchase stakes in order to provide extra capital for future investment and takeovers of airports. Manchester City Council would retain a controlling stake over the organisation. To raise funds for the purchase of Stansted Airport, IFM Investors purchased a 35.5% share in the group.
493:
700:
665:
629:
593:
200:
176:
151:
128:
376:
up for sale - both of which were sold for £241 million to MAG in 2001. Consequently, the councils of
Greater Manchester saw it fit to create a dedicated holding company to manage this portfolio at arm's length. Manchester Airports Group was formed in 2001 to own and operate Manchester Airport and the
380:
MAG runs airport service-related businesses including baggage handling and ground services, car parking, fire-fighting, airport security, engineering, motor transport services and advertising. The property and development arm of MAG, previously known as MADL (Manchester
Airport Developments), was
427:
office and commercial space development abutting the airport became one of the
Governments new low tax Enterprise Zones, the zones featured include World Logistics Hub to the south of the airport offering logistics and air freight, Airport City to the north of the airport offering office and
388:
The Group reported 2007/08 profits of £96.5m and decided in 2008 to sell
Humberside Airport after 9 years of ownership. However this decision was reversed later in the year following a surge in passenger numbers and little interest from potential bidders. However, MAG sold its 83.7% share of
412:
forcing it to sell off some of its airports. MAG made a £1.4 billion offer to acquire
Gatwick Airport in 2009. Originally BAA wanted £2 billion for the airport, but eventually came down to an asking price of £1.5 billion. However, MAG refused to arrange a further £100 million of finance and
428:
high-tech manufacturing, MediPark around
Wythenshawe Hospital for medical and clinical firms alongside several retail, office and business parks inside the town of Wythenshawe itself. The Group are focused on delivering the £659 million
309:
Of the ten metropolitan boroughs of
Greater Manchester, Manchester City Council holds the largest stake, at 35.5%. The remaining nine councils hold a total of 29%. IFM Investors own a 35.5% stake in MAG. The Group has its
389:
Humberside in 2012 for £2.3 million to
Eastern Group who operate nearly half of all flights there amid a return to a general decline of passenger numbers for small regional airport and desire to focus on larger airports.
1213:
505:
497:
346:
432:. Planning permission for the Airport City development was confirmed on 17 January 2013 and construction work is due to begin in February 2013. On 18 January 2013, it was announced that MAG would purchase
318:. MAG operates on a commercial basis at arm's length from its public owners who only take a dividend from profits. This was £20 million in 2010 while MAG retained £80 million from the £100 million profit.
1321:
1221:
1331:
1268:
436:
from
Heathrow Airport Holdings for £1.5bn. IFM Investors purchased a 35.5% stake in MAG to help fund the takeover. The sale was completed on 28 February 2013.
839:
1121:
1326:
1311:
1243:
1316:
949:
1089:
1064:
1161:
1301:
354:
138:
465:
1269:
https://www.greatermanchester-ca.gov.uk/download/meetings/id/3255/item_10_manchester_airport_economic_impact_as_a_significant_asset
461:
457:
449:
477:
1306:
453:
1336:
825:
287:
804:
847:
333:, and has remained in public ownership ever since. It is the third-busiest airport in the United Kingdom after
954:
604:
429:
424:
417:
330:
1004:
448:, with Manchester City Council owning 35.5%. The remaining nine authorities, the Metropolitan Boroughs of
397:
393:
640:
369:
299:
1247:
481:
315:
267:
1096:
373:
784:"Overview - MAG (Manchester Airports Group) - Manchester, London Stansted, East Midlands Airports"
39:
568:
445:
405:
361:
326:
295:
275:
271:
227:
100:
91:
1115:
311:
897:
755:
727:
433:
392:
MAG in partnership with a
Canadian pension fund and financial assets unsuccessfully bid for
365:
342:
334:
303:
231:
186:
62:
338:
263:
65:
17:
977:
923:
1295:
279:
1009:
350:
869:
492:
1187:
783:
1135:
1034:
219:
96:
48:
306:. In the 2017/18 financial year, 58.9 million passengers used MAG airports.
291:
1005:"BAA debt repayment plans at risk after potential Gatwick buyer pulls out"
805:"INTERIM REPORT & ACCOUNTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018"
874:
473:
469:
409:
283:
401:
491:
161:
1214:"AGMA to consider Manchester Airport restructure in takeover bid"
506:
Busiest airports in the United Kingdom by total passenger traffic
416:
In January 2013 it was announced that MAG had agreed to purchase
347:
Busiest airports in the United Kingdom by total passenger traffic
364:
marking its arrival as an airport management company. In 2000,
420:
for £1.5 billion. The sale was completed on 28 February 2013.
1284:
242:
1188:"Manchester Airport Group confirms Stansted takeover deal"
357:
opened in 1993 and a second runway was completed in 1997.
1035:"Stansted Airport being sold to Manchester for £1.5bn"
978:"Humberside Airport sold by Manchester Airports Group"
444:
MAG is majority owned by the ten local authorities of
1162:"Go-ahead for £650m Manchester airport city project"
504:MAG owns three airports in the United Kingdom (see
237:
218:
208:
184:
159:
136:
117:
109:
87:
79:
71:
58:
46:
1246:. Manchester Airports Group. 2013. Archived from
282:. Founded in 2001, MAG is the largest UK-owned
1136:"Manchester Airports Group considers takeover"
496:MAG owns and operates Manchester Airport, the
1065:"£1.5 billion Stansted Airport sale complete"
8:
1322:Companies owned by municipalities of England
826:"MAG delivers another year of strong growth"
262:(originally Manchester Airports Group) is a
32:
1058:
1056:
950:"MAG cancels Humberside Airport sale plan"
799:
797:
510:
353:was built to serve the airport in 1972, a
294:in 2006. MAG owns three British airports:
31:
1332:Transport companies established in 2001
1029:
1027:
714:
1120:: CS1 maint: archived copy as title (
1113:
870:"Manchester Airport spreads its wings"
722:
720:
718:
413:consequently pulled out of the race.
7:
286:operator, following the purchase of
1063:Sinead Holland (28 February 2013).
924:"Humberside Airport to be sold off"
360:In 1999, Manchester Airport bought
256:Manchester Airport Holdings Limited
1220:. 15 February 2012. Archived from
898:"Airport profits taking off again"
840:"Airport generates £100m dividend"
341:, and is fractionally busier than
25:
278:, and Australian investment fund
846:. 7 October 2010. Archived from
699:
698:
664:
663:
628:
627:
592:
591:
396:, this followed a report by the
199:
198:
175:
174:
150:
149:
127:
126:
38:
400:into BAA's market dominance in
113:Airport operations and services
1327:2001 establishments in England
1312:Transport operators of England
1:
1317:Companies based in Manchester
1244:"About Us & Our Airports"
268:metropolitan borough councils
377:other smaller acquisitions.
1003:Milmo, Dan (15 July 2009).
756:"MAG Annual Report 2019-20"
728:"MAG Annual Report 2019-20"
33:Manchester Airport Holdings
1353:
266:which is owned by the ten
1302:Manchester Airports Group
329:opened in 1938 funded by
37:
18:Manchester Airports Group
1218:Manchester Evening News
955:Manchester Evening News
844:Manchester Confidential
605:London Stansted Airport
430:Manchester Airport City
425:Airport City Manchester
418:London Stansted Airport
105:England, United Kingdom
501:
500:in the United Kingdom.
398:Competition Commission
394:London Gatwick Airport
331:Manchester Corporation
641:East Midlands Airport
498:third busiest airport
495:
423:In 2011 the proposed
300:East Midlands Airport
1102:on 27 September 2013
482:Salford City Council
316:Manchester Town Hall
1307:Aviation in England
850:on 29 November 2014
788:www.magairports.com
374:Bournemouth Airport
210:Number of employees
34:
1337:Manchester Airport
1194:. 28 February 2013
1142:. 15 February 2012
958:. 16 December 2008
878:. 19 February 2001
569:Manchester Airport
502:
446:Greater Manchester
406:South East England
362:Humberside Airport
327:Manchester Airport
296:Manchester Airport
276:North West England
272:Greater Manchester
228:Manchester Airport
101:Greater Manchester
92:Manchester Airport
27:UK holding company
1168:. 21 January 2013
1041:. 18 January 2013
707:
706:
312:registered office
253:
252:
195:
170:
147:
124:
16:(Redirected from
1344:
1288:
1287:
1285:Official website
1271:
1266:
1260:
1259:
1257:
1255:
1240:
1234:
1233:
1231:
1229:
1224:on 20 April 2013
1210:
1204:
1203:
1201:
1199:
1184:
1178:
1177:
1175:
1173:
1158:
1152:
1151:
1149:
1147:
1132:
1126:
1125:
1119:
1111:
1109:
1107:
1101:
1095:. Archived from
1094:
1086:
1080:
1079:
1077:
1075:
1060:
1051:
1050:
1048:
1046:
1031:
1022:
1021:
1019:
1017:
1000:
994:
993:
991:
989:
974:
968:
967:
965:
963:
946:
940:
939:
937:
935:
920:
914:
913:
911:
909:
894:
888:
887:
885:
883:
866:
860:
859:
857:
855:
836:
830:
829:
822:
816:
815:
809:
801:
792:
791:
780:
774:
773:
771:
769:
760:
752:
746:
745:
743:
741:
732:
724:
702:
701:
667:
666:
631:
630:
595:
594:
511:
480:, together with
434:Stansted Airport
383:MAG Developments
366:National Express
304:Stansted Airport
249:
246:
244:
232:Stansted Airport
224:MAG Developments
204:
202:
201:
193:
192:£1.3457 billion
189:
180:
178:
177:
168:
167:£4.2144 billion
164:
155:
153:
152:
145:
139:Operating income
132:
130:
129:
122:
42:
35:
21:
1352:
1351:
1347:
1346:
1345:
1343:
1342:
1341:
1292:
1291:
1283:
1282:
1279:
1274:
1267:
1263:
1253:
1251:
1250:on 7 March 2013
1242:
1241:
1237:
1227:
1225:
1212:
1211:
1207:
1197:
1195:
1186:
1185:
1181:
1171:
1169:
1160:
1159:
1155:
1145:
1143:
1134:
1133:
1129:
1112:
1105:
1103:
1099:
1092:
1090:"Archived copy"
1088:
1087:
1083:
1073:
1071:
1062:
1061:
1054:
1044:
1042:
1033:
1032:
1025:
1015:
1013:
1002:
1001:
997:
987:
985:
984:. 2 August 2012
976:
975:
971:
961:
959:
948:
947:
943:
933:
931:
930:. 25 April 2008
922:
921:
917:
907:
905:
896:
895:
891:
881:
879:
868:
867:
863:
853:
851:
838:
837:
833:
824:
823:
819:
812:magairports.com
807:
803:
802:
795:
782:
781:
777:
767:
765:
758:
754:
753:
749:
739:
737:
730:
726:
725:
716:
712:
559:
554:
552:
547:
545:
540:
538:
533:
531:
526:
524:
520:Airport workers
490:
442:
385:in early 2009.
324:
264:holding company
241:
230:
226:
225:
211:
197:
196:
185:
173:
172:
160:
148:
144:£382.1 million
141:
125:
121:£893.4 million
104:
95:
51:
28:
23:
22:
15:
12:
11:
5:
1350:
1348:
1340:
1339:
1334:
1329:
1324:
1319:
1314:
1309:
1304:
1294:
1293:
1290:
1289:
1278:
1277:External links
1275:
1273:
1272:
1261:
1235:
1205:
1179:
1166:building.co.uk
1153:
1127:
1081:
1052:
1023:
995:
969:
941:
915:
904:. 29 July 2008
889:
861:
831:
817:
793:
775:
747:
713:
711:
708:
705:
704:
696:
693:
690:
687:
684:
681:
678:
676:
670:
669:
661:
658:
655:
652:
649:
646:
643:
638:
634:
633:
625:
622:
619:
616:
613:
610:
607:
602:
598:
597:
589:
586:
583:
580:
577:
574:
571:
566:
562:
561:
556:
549:
542:
535:
528:
521:
518:
515:
489:
486:
441:
438:
323:
320:
251:
250:
239:
235:
234:
222:
216:
215:
212:
209:
206:
205:
190:
182:
181:
165:
157:
156:
142:
137:
134:
133:
119:
115:
114:
111:
107:
106:
89:
85:
84:
81:
77:
76:
73:
69:
68:
60:
56:
55:
52:
47:
44:
43:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
1349:
1338:
1335:
1333:
1330:
1328:
1325:
1323:
1320:
1318:
1315:
1313:
1310:
1308:
1305:
1303:
1300:
1299:
1297:
1286:
1281:
1280:
1276:
1270:
1265:
1262:
1249:
1245:
1239:
1236:
1223:
1219:
1215:
1209:
1206:
1193:
1189:
1183:
1180:
1167:
1163:
1157:
1154:
1141:
1137:
1131:
1128:
1123:
1117:
1098:
1091:
1085:
1082:
1070:
1066:
1059:
1057:
1053:
1040:
1036:
1030:
1028:
1024:
1012:
1011:
1006:
999:
996:
983:
979:
973:
970:
957:
956:
951:
945:
942:
929:
925:
919:
916:
903:
899:
893:
890:
877:
876:
871:
865:
862:
849:
845:
841:
835:
832:
827:
821:
818:
813:
806:
800:
798:
794:
789:
785:
779:
776:
764:
757:
751:
748:
736:
729:
723:
721:
719:
715:
709:
697:
694:
691:
688:
685:
682:
679:
677:
675:
672:
671:
662:
659:
656:
653:
650:
647:
644:
642:
639:
636:
635:
626:
623:
620:
617:
614:
611:
608:
606:
603:
600:
599:
590:
587:
584:
581:
578:
575:
572:
570:
567:
564:
563:
557:
550:
543:
536:
529:
522:
519:
516:
514:National rank
513:
512:
509:
507:
499:
494:
487:
485:
483:
479:
475:
471:
467:
463:
459:
455:
451:
447:
439:
437:
435:
431:
426:
421:
419:
414:
411:
407:
403:
399:
395:
390:
386:
384:
381:rebranded as
378:
375:
371:
370:East Midlands
367:
363:
358:
356:
352:
348:
344:
340:
336:
332:
328:
321:
319:
317:
313:
307:
305:
301:
297:
293:
289:
285:
281:
280:IFM Investors
277:
273:
269:
265:
261:
258:, trading as
257:
248:
240:
236:
233:
229:
223:
221:
217:
213:
207:
191:
188:
183:
166:
163:
158:
143:
140:
135:
120:
116:
112:
108:
102:
98:
93:
90:
86:
82:
78:
74:
70:
67:
64:
61:
57:
53:
50:
45:
41:
36:
30:
19:
1264:
1252:. Retrieved
1248:the original
1238:
1226:. Retrieved
1222:the original
1217:
1208:
1196:. Retrieved
1191:
1182:
1170:. Retrieved
1165:
1156:
1144:. Retrieved
1139:
1130:
1106:24 September
1104:. Retrieved
1097:the original
1084:
1072:. Retrieved
1068:
1043:. Retrieved
1038:
1014:. Retrieved
1010:The Guardian
1008:
998:
986:. Retrieved
981:
972:
960:. Retrieved
953:
944:
932:. Retrieved
927:
918:
906:. Retrieved
901:
892:
880:. Retrieved
873:
864:
852:. Retrieved
848:the original
843:
834:
820:
811:
787:
778:
766:. Retrieved
762:
750:
738:. Retrieved
734:
673:
503:
443:
422:
415:
391:
387:
382:
379:
359:
355:rail station
351:M56 motorway
325:
308:
259:
255:
254:
245:.magairports
220:Subsidiaries
187:Total equity
162:Total assets
88:Headquarters
59:Company type
29:
1069:Harlow Star
1296:Categories
1172:21 January
1045:18 January
882:21 January
854:20 January
768:2 November
740:2 November
710:References
695:58,609,285
692:55,278,924
689:50,812,863
686:47,103,403
683:43,598,363
624:25,904,450
621:24,320,071
618:22,519,178
615:19,941,593
612:17,852,393
588:27,826,054
585:25,637,054
582:23,136,047
579:21,989,682
576:20,751,581
553:passengers
546:passengers
539:passengers
532:passengers
525:passengers
97:Manchester
49:Trade name
988:23 August
660:4,878,781
657:4,653,818
654:4,450,862
651:4,510,544
648:4,334,117
466:Stockport
440:Ownership
368:put both
292:Ferrovial
75:Transport
1228:12 April
1192:BBC News
1146:11 March
1140:BBC News
1116:cite web
1039:BBC News
1016:14 April
982:BBC News
962:17 April
934:17 April
928:BBC News
902:BBC News
875:BBC News
560:2016/17
488:Airports
474:Trafford
470:Tameside
462:Rochdale
410:Scotland
343:Stansted
335:Heathrow
110:Products
72:Industry
1254:1 March
1198:1 March
1074:1 March
908:6 April
517:Airport
349:). The
339:Gatwick
322:History
284:airport
238:Website
118:Revenue
80:Founded
66:holding
680:41,350
609:12,100
573:23,400
558:Change
458:Oldham
450:Bolton
402:London
302:, and
214:40,000
194:(2020)
169:(2020)
146:(2020)
123:(2020)
63:Public
1100:(PDF)
1093:(PDF)
808:(PDF)
759:(PDF)
731:(PDF)
674:Total
668:4.8%
645:5,850
632:6.5%
596:8.5%
551:Total
544:Total
537:Total
530:Total
523:Total
478:Wigan
345:(see
274:, in
179:0.01%
171:<
1256:2013
1230:2012
1200:2013
1174:2013
1148:2012
1122:link
1108:2013
1076:2013
1047:2013
1018:2012
990:2012
964:2012
936:2012
910:2012
884:2013
856:2013
770:2020
742:2020
555:2017
548:2016
541:2015
534:2014
527:2013
454:Bury
408:and
372:and
337:and
247:.com
203:9.8%
154:6.8%
131:3.7%
83:2001
763:MAG
735:MAG
703:6%
508:).
314:at
290:by
288:BAA
270:of
260:MAG
243:www
54:MAG
1298::
1216:.
1190:.
1164:.
1138:.
1118:}}
1114:{{
1067:.
1055:^
1037:.
1026:^
1007:.
980:.
952:.
926:.
900:.
872:.
842:.
810:.
796:^
786:.
761:.
733:.
717:^
637:13
476:,
472:,
468:,
464:,
460:,
456:,
452:,
298:,
99:,
1258:.
1232:.
1202:.
1176:.
1150:.
1124:)
1110:.
1078:.
1049:.
1020:.
992:.
966:.
938:.
912:.
886:.
858:.
828:.
814:.
790:.
772:.
744:.
601:4
565:3
404:/
103:,
94:,
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
