AMP Capital takes Leeds Bradford Airport under its wing
Leeds Bradford Airport has been sold by Bridgepoint to Australian investment firm AMP Capital. A mix of low-cost, charter and major international airlines operate at Leeds Bradford Airport, seeing four million customers pass through it each year. The airport benefits from a catchment area that contains 5.3 million people, 2.9 million of whom live less than one hour away. The airport has been under Bridgepoint’s ownership since 2007, when it was sold by five West Yorkshire councils in a privatisation plan. In the last five years, passenger numbers have grown by almost 40% to over four million, around £30m has been invested in capex projects including a terminal upgrade, employee numbers have more than doubled to 460 people, and EBITDA has grown by over 25% per annum.