Manchester Airport MAG T2 extension plans - advert / promotion, January 2020 - Terminal Two - Manchester Airport Transformation Programme
Manchester Airport Holdings Limited, trading as MAG (originally Manchester Airports Group) is a holding company which is owned by the ten metropolitan borough councils of Greater Manchester, in North West England, and Australian investment fund IFM Investors. Founded in 2001 following the acquisition of East Midlands Airport, MAG is the largest UK-owned airport operator, following the purchase of BAA by Spain's Ferrovial Group in 2006. MAG owns three British airports, East Midlands and Manchester Airport (which is the busiest airport outside the London region), as well as London Stansted Airport. In the 2017/18 financial year, million passengers used MAG airports. Of the ten metropolitan boroughs of Greater Manchester, Manchester City Council holds the largest stake, at The remaining nine councils hold a total of 29%. IFM Investors own a stake in MAG. The Group has its registered office at Manchester Town Hall. MAG operates on a commercial basis at arm's length from its public owners who only take a dividend from profits. This was £20 million in 2010 while MAG retained £80 million from the £100 million profit Manchester Airport opened in 1938 and was funded by Manchester City Council and has remained in public ownership ever since. It is the third-busiest airport in the United Kingdom after Heathrow and Gatwick and is fractionally busier than Stansted (see Busiest airports in the United Kingdom by total passenger traffic). The M56 motorway was built to serve the airport in 1972, a new rail station was opened in 1993 and a second runway was completed in 1997. From - Manchester Airport is investing more than £1bn to give the North the world class international gateway it deserves. The Manchester Airport Transformation Programme (MAN-TP) will modernise and transform the customer service experience we are able to offer passengers and to airlines whilst allowing the airport to continue in its role as job creator
Size: 4764px × 2880px
Location: Ringway, Manchester, North West England, UK, M90 1QX
Photo credit: © Tony Smith / Alamy / Afripics
License: Licensed
Model Released: No
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