Page last updated at 18:07 GMT, Tuesday, 16 February 2010

Firm in talks on takeover of Coventry Airport

Sir Peter Rigby
Sir Peter is in the Sunday Times wealthiest people list

A Midlands-based entrepreneur says his company is in exclusive talks to take over Coventry Airport.

The Patriot Aviation group, owned by Sir Peter Rigby. is negotiating with the city council after another company, ADP, pulled out of a joint proposal.

Now Sir Peter is planning to complete the deal without them by next month.

The airport at Baginton shut at the beginning of December. Passenger flights stopped in 2008, but it had continued handling freight.

In a statement, Sir Peter, 66, said: "I see Coventry airport as a best kept secret, it has the potential to be a general aviation hub, handling cargo and serving helicopters, light aircraft and business jets."

Coventry Airport
Coventry Airport closed down last year

Councillor Ken Taylor, leader of Coventry City Council, confirmed that talks were taking place with Patriot Aviation and it was hoped the deal will be complete by mid-March.

The Sunday Times Rich List estimates Sir Peter to be worth £510m, based on his corporate investments - the 127th richest person in Britain.

The Birmingham Post rich list, specifically for residents of the West Midlands, ranked him at number eight for 2006.

Patriot Aviation recently acquired London Helicopter Centres Ltd, the specialist helicopter charter and engineering company with headquarters in Redhill, Surrey, and Enniskillen in Northern Ireland.



Print Sponsor


SEE ALSO
Local firm interested in airport
14 Feb 10 |  Coventry/Warwickshire
Company pulls out of airport deal
12 Feb 10 |  Coventry/Warwickshire
Talks to reopen Coventry Airport
30 Dec 09 |  Coventry/Warwickshire
Airport cancels vintage flights
10 Dec 09 |  Coventry/Warwickshire
Airport closure 'risks 300 jobs'
09 Dec 09 |  Coventry/Warwickshire

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC iD

Sign in

BBC navigation

Copyright © 2018 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific