Aviation and energy infrastructure group Esken exited its role as strategic partner and operator of Teesside International Airport.
Carlisle-based Esken played a key role in initially supporting the airport’s development following its acquisition by the Tees Valley Mayor and Combined Authority on January 24, 2019 and return to public ownership.
Over the last 12 months, the airport has secured an airline partnership with Loganair, attracted new routes and installed a “strong, experienced leadership team”, with the oversight of the Tees Valley Mayor and combined authority.
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In a statement issued to the London Stock Exchange, Esken said that “given these positive developments, Teesside International Airport no longer requires” its support.
Esken will now cease its management agreement with the airport and transfer its 25% ownership of the airport to a new Teesside Airport Foundation for a nominal consideration.
The company also confirmed that if there were to be a future sale of the airport before…
