New member joins MAG board

19th September 2013

Baroness Elizabeth Symons of Vernham Dean has been appointed to the Manchester Airports Group (MAG) board, joining the company as it continues a recent growth pattern following the successful acquisition of London Stansted Airport at the start of the year.

Baroness Symons brings significant experience as a former non-executive director of British Airways and since 2010, has served as the Chairman of the Arab British Chamber of Commerce (ABCC).

Baroness Symons has also served in the UK government as a junior Foreign Office Minister, Minister of State for Defence Procurement and a Minister of State for Trade. In June 2003, she was appointed Minister of State for the Middle East, International Security, Consular and Personal Affairs in the Foreign and Commonwealth Office, and Deputy Leader of the House of Lords.

Mike Davies, Chairman of MAG, welcomed the appointment saying: “"I am delighted that Liz Symons is joining the Board. She will bring both knowledge of the aviation market and a wealth of international experience, particularly in the Middle East, which is an increasingly important area in aviation. Together with the rest of the Board we look forward to continuing to build shareholder value by deploying our skills in airport management and related property developments."

MAG serves 42 million passengers through its ownership and operation of Manchester, London Stansted, East Midlands and Bournemouth airports. The Group also includes the commercial property company, MAG Property, which has a 500m portfolio across the four airports and is leading the 650m major Enterprise Zone development, Airport City, at Manchester.

MAG is privately managed on behalf of its shareholders with Industry Funds Management (IFM) owning 35.5%, Manchester City Council 35.5% and the nine Greater Manchester Councils of Bolton, Bury, Oldham, Rochdale, Salford, Stockport, Tameside, Trafford and Wigan owning the remaining 29%.

ENDS

For more information, contact the MAG press office on 0161 489 2700 or email press.office@magairports.com

Published on: 19/09/2013 10:16:50