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Mini-Conglomerate' Rigby Group Acquires Bournemouth Airport
The privately-held business Rigby Group has served notice of its intention to become ?significant player? in the ?vital regional airports? market by purchasing Bournemouth Airport from Manchester Airports Group (MAG) for an undisclosed sum.
Rigby Group is situated in Stratford-upon-Avon and has grown to become one of many UK?s largest private companies since its establishment by technology entrepreneur Sir Peter Rigby in 1975. It already owns Norwich, Exeter and Coventry airports, along with operating Solent, City of Derry and Blackpool airports.

As reported by The Telegraph, the business?s latest acquisition is section of its plan to create a network of passenger and cargo airports over the south of England, providing a viable option to Heathrow, Stansted, Gatwick and Luton.

?An important landmark in our strategy?

Group chairman Sir Peter Rigby commented: ?The acquisition is an important landmark inside our strategy to create a robust and credible band of regional airport assets and services across the UK.

?Not only does it expand our catchment to add the major parts of southern England, but also focuses operations on a core market poorly serviced by the major aviation players.? The firm?s chief operating officer, Steve Rigby, described Bournemouth Airport as ?well-run and robust? but ?ripe for growth?.

He added: ?We?re here to accomplish business. Growing demand for both UK and international flights in nearby Southampton offers significant scope to increase passenger numbers, while the site?s potential as a regional business hub also represents a clear opportunity for expansion.?

What lies ahead for Rigby Group and Bournemouth Airport?

Rigby Group has interests in air ambulances, property, hotels and technology, and intends to incorporate Bournemouth Airport in to the company through its Regional and City Airports (RCA) arm.

The airport received 700,000 passengers last year, and presently operates flights to 22 European destinations. Ryanair and TUI both have bases at the airport, which supports 900 jobs and injects �24 million in to the local economy.

Beneath the RCA banner, Rigby Group has signalled its intention to boost Bournemouth Airport?s passenger and cargo traffic. The RCA group has recently been able to reflect on its best-ever year, with 1.7 million passengers and 189,000 flight movements handled.

Rigby Group?s property management division will undoubtedly be responsible for the day-to-day management of Bournemouth?s adjacent 200-acre business park.

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