MAG Appoints PRICEWATERHOUSECOOPERS For Humberside Airport Review
The Manchester Airports Group (MAG) has appointed PricewaterhouseCoopers (PWC) as part of the Group’s ongoing review of its 82.7% majority shareholding in Humberside Airport.
PWC’s role will be to act on MAG’s behalf in exploring a possible transfer of ownership of Humberside Airport.
The review, which began in April, will consider all the options to secure the best long-term future for Humberside Airport including a sale of MAG’s stake.
Commenting on the appointment Penny Coates, Managing Director Regional Airports Division, said: “PWC has an enormous amount of experience with the aviation industry and will be working to develop a strategy to attract potential long- term investors and to value Humberside Airport”.
“We began this review because although Humberside Airport is a profitable business with a solid future, maximising that potential does not fit easily with our strategy. PWC bring a wealth of expertise to this project and I am delighted to welcome them to the MAG team”.