Airport dismisses debt pressure

BRISTOL Airport chiefs have rubbished rumours that it may run into financial difficulties after reports suggested the Lulsgate site needs to refinance more than �500million worth of debt next year.

Over the weekend reports emerged that the airport was in talks with a debt agency over how to best deal with an estimated �515million deficit due by March.

But a spokesman said the figures were inaccurate, with an estimated �400million due in October 2013.

And he ruled out it having any impact on its expansion plans which were passed last year by North Somerset Council and will enable it to cater for 10 million passengers by the end of the decade.

He said: “This is a normal process that all companies undergo as their debt facilities approach maturity. We do not expect airport operations to be affected.”


You may also want to watch:


Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter
Comments powered by Disqus