Manchester Airport Holdings
http://dbpedia.org/resource/Manchester_Airport_Holdings an entity of type: Thing
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 MAG is the largest UK-owned airport operator, following the purchase of BAA by Ferrovial in 2006. MAG owns three British airports Manchester Airport, East Midlands Airport, and Stansted Airport. In the 2017/18 financial year, 58.9 million passengers used MAG airports.
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Manchester Airport Holdings
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Manchester Airport Holdings
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Manchester Airport Holdings
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2001
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Transport
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England, United Kingdom
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Manchester Airports Group logo.svg
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Airport operations and services
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MAG Developments
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MAG Investment Assets
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MAG
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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 MAG is the largest UK-owned airport operator, following the purchase of BAA by Ferrovial in 2006. MAG owns three British airports Manchester Airport, East Midlands Airport, and Stansted Airport. In the 2017/18 financial year, 58.9 million passengers used MAG airports. Of the ten metropolitan boroughs of Greater Manchester, Manchester City Council holds the largest stake, at 35.5%. The remaining nine councils hold a total of 29%. IFM Investors own a 35.5% 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.
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