Author: Kevin Rozario, (London United Kingdom)
In late May, news filtered through that a 49% share of Newcastle Airport (NCL), held by an Australian investment fund, may soon be up for grabs at a value reported to be over £1 billion (source: The Telegraph).
The information came to light just a couple of weeks before NCL launched its Masterplan 2035 on the 6th of June setting out its long-term expansion aims. The document was released after a public consultation which began in May 2018.
NCL is described as a global gateway—a description that may seem an inflated view to some observers. But the airport is ambitious in its international growth plans.
Chief Executive Nick Jones used the term in the context of being England’s “North East global gateway”. He believes that the needs and demands for better air links in this part of the UK are growing – and he is hopeful that the term will stick.