Budget airline Ryanair is considering whether or not to bid for a 25 per cent stake in UK airport Stanstead, which would mark its first purchase of its kind for the group.
The firm's interest first came to light in July when its Chief Executive Officer (CEO) revealed it was willing to make a "modest commitment" to the Essex airport.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Ryanair has held meetings with a number of other firms, funds and buyers considering making a joint bid for the airport.
Ryanair's Head of Communications, Stephen McNamara, said the company is "still interested" in take a stake in the airport, and has a long-term strategy for potential growth.
"The sale of Stansted into separate ownership will lead to more competition, lower passenger charges, improved passenger services and the roll out of additional and much needed traffic growth at competitive prices at Stansted," he added.
Speaking last month, CEO Miller said: "Stansted is the only place in London where another runway can be built. It makes more sense to have it at Heathrow, but Stansted is the only place with capacity and we want a 25 per cent stake."
-
Jared Isaacman: SpaceX astronaut and Trump's pick for NASAJared Isaacman is a close ally of Elon Musk and the first non-professional astronaut to walk in space. Now, he is in charge of NASA
-
Three solid British stocks going cheapOpinion Ian Lance and Nick Purves, fund managers at Temple Bar Investment Trust, highlight three British stocks with strong cash flows and robust balance sheets
