£1.2m airport windfall for Oldham Council

OLDHAM Council has landed a £1.2 million windfall from profits at Manchester Airport.

The borough is one of the 10 Greater Manchester local authorities to part-own Manchester Airports Group which yesterday announced record results and its highest-ever interim shareholder payout of £38.6m. A total of £25 million will be split between the councils,

Manchester will receive nearly £14 million as a 35.5 per cent stakeholder, while the other nine boroughs will share the profit from their joint 29 [er cent holding.

Six-month revenues — boosted by unprecedented passenger numbers and new route development with the company experiencing its most successful summer ever — rose by nearly 6 per cent to £445.5 million compared with the same period last year. August was the busiest in its 77-year history.

MAG — which employs over 4,500 people — is the UK’s leading airport group and owns and operates Manchester, London Stansted, East Midlands and Bournemouth Airport, serving around 50 million passengers a year.