Sale Update
London Southend Airport Company Limited
("LSACL" or the "Company")
Update Regarding Proposed Sale of London Southend Airport
Regional Airports Limited (‘RAL’) announces that it has received an exceptional level of interest from potential buyers of London Southend Airport with over 50 parties receiving copies of the Information Memorandum.
Following the receipt of first round bids, the Company has now commenced the second stage of the sale process with a high-quality shortlist of seven potential buyers.
Andrew Walters, Chief Executive of RAL, commented:
"The degree of interest shown in acquiring Southend Airport reinforces our confidence that we will achieve a sale price fully in line with our expectations. Potential buyers clearly share our view that Southend Airport represents an outstanding opportunity to acquire an airport within 50 mnutes of central London."
10 April 2008 i
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