Bombardier sells Belfast City Airport for £35 million

Bombardier today announced the sale of Belfast City Airport in Northern Ireland to Ferrovial of Spain for a total consideration of £35 million.

Bombardier Inc. today announced the sale of Belfast City Airport to Ferrovial of Spain, for a total consideration of $77.7 million Cdn (£35 million).

This sale is said to be part of Bombardier’s recapitalisation program, which was announced on April 3, 2003.

The airport was a subsidiary of the aircraft manufacturer Short Brothers, which was purchased by Bombardier in 1989 and now forms an integral part of Bombardier Aerospace.

Bombardier will retain its manufacturing operation in Belfast, which employs 5,700 people and plays a major role in the design and manufacture of Bombardier regional and business aircraft.