The managing director of Exeter Airport has welcomed its sale to a new owner - as a vote of confidence in its future.
It's been announced this morning that Balfour Beatty, who bought the airport from the county council six years ago, have sold their 60 per cent stake to Patriot Aerospace.
The company is the aviation division of the Rigby Group and also owns British International Helicopters in Newquay.
The group's chairman says they believe in the importance of regional airports and are intent on developing their aviation business.
The remaining shareholding is owned by Galaxy, a specialist fund backed by French and Italian investors and the European Commission.
Controversial Exmouth Devoncourt Hotel planning decision delayed
New bacteria ‘threat’ detected in River Teign
What a waste! 5,000 recycling boxes replaced
New app makes crime reporting easy
Knife scanner deployed at under-18s event
No to Torquay seafront big wheel this summer?
