Cheltenham and Gloucester council chiefs have confirmed the decision to sell Gloucestershire airport, raising questions about its future. The airport in Staverton, jointly owned by both authorities, is currently run by Gloucestershire Airport Ltd, in which both councils have a 50% shareholding. The company holds a 999-year lease on the 300-acre site and oversees both commercial and aviation-related activities.
City Councillor Jeremy Hilton revealed that a UK-based company lacking prior experience in airport management has shown interest in purchasing the site. While no formal discussions have occurred at the cabinet level, both councils are collaborating with the firm to secure new investment.
Cheltenham Borough Council leader Rowena Hay stated that the timing is right to bring in a new owner for the airport, recognizing its significant contribution to the regional economy. The councils are partnering with the airport’s senior leadership team to seek new investment and are expected to engage advisors to bring it to market soon.
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Gloucestershire Airport Director, Jason Ivey, emphasized the need for new investment, expertise, and resources to further the airport’s role in regional growth and projects like the Golden Valley development. Paul Jones, executive director for finance, assets, and regeneration for the Borough Council, expressed the authorities' commitment to securing the best outcome for the business, taxpayers, and the wider economy.
Gloucester City Council’s Richard Cook affirmed the commitment to preserving the airport as a center for aviation, citing its important regional role and extensive heritage. Despite this, the decision has raised concerns among council members who were not previously informed about the potential sale.
Gloucestershire Airport, established in 1936, has evolved into one of the UK’s busiest general aviation airports, housing prominent aviation-related businesses and securing significant investments. The recent upgrades, funded by local entities, have positioned the airport for future development and commercial opportunities.