Manchester Airport Group
Encyclopedia
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
owned by the ten metropolitan borough councils
Metropolitan borough
A metropolitan borough is a type of local government district in England, and is a subdivision of a metropolitan county. Created in 1974 by the Local Government Act 1972, metropolitan boroughs are defined in English law as metropolitan districts, however all of them have been granted or regranted...
of Greater Manchester
Greater Manchester
Greater Manchester is a metropolitan county in North West England, with a population of 2.6 million. It encompasses one of the largest metropolitan areas in the United Kingdom and comprises ten metropolitan boroughs: Bolton, Bury, Oldham, Rochdale, Stockport, Tameside, Trafford, Wigan, and the...
, in North West England
North West England
North West England, informally known as The North West, is one of the nine official regions of England.North West England had a 2006 estimated population of 6,853,201 the third most populated region after London and the South East...
. MAG is the largest UK-owned airport
Airport
An airport is a location where aircraft such as fixed-wing aircraft, helicopters, and blimps take off and land. Aircraft may be stored or maintained at an airport...
operator, following the purchase of BAA by Spain's
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
Ferrovial Group in 2006.
Manchester Airports Group was formed in 2001 to own and operate Manchester Airport and the other smaller acquisitions. Prior to that the Manchester Airport Board operated Manchester Airport from 1986, when the Greater Manchester County Council
Greater Manchester County Council
The Greater Manchester County Council — also known as the Greater Manchester Council — was the top-tier local government administrative body for Greater Manchester from 1974 to 1986...
was disbanded. Since its spin-off, MAG has branched out into other ventures. In addition to Manchester Airport, it owns and operates Bournemouth Airport
Bournemouth Airport
Bournemouth Airport is an airport located north-northeast of Bournemouth, in southern England...
, East Midlands Airport and Humberside Airport
Humberside Airport
-Cargo flights:Icelandair Cargo operate a weekly Sunday flight from Keflavík which then departs to Liege-Passenger statistics:-Bus service:An hourly daytime bus service runs from Grimsby and Hull to the airport from Monday to Saturday.-External links:**...
. The Group handles over 29 million combined passengers a year from its four airports and generates approximately £3.2 billion for the economy of the United Kingdom
Economy of the United Kingdom
The economy of the United Kingdom is the sixth-largest national economy in the world measured by nominal GDP and seventh-largest measured by purchasing power parity , and the third-largest in Europe measured by nominal GDP and second-largest measured by PPP...
, whilst supporting, directly and indirectly, over 130,000 jobs.
Manchester Airports Group runs airport service-related businesses including baggage handling and ground services, car parking, fire-fighting, airport security, engineering, motor transport services and advertising.
The property and development arm of MAG, previously known as MADL (Manchester Airport Developments), was rebranded as MAG Developments in early 2009.
In 2008, MAG expressed an interest in bidding for London Gatwick Airport
London Gatwick Airport
Gatwick Airport is located 3.1 miles north of the centre of Crawley, West Sussex, and south of Central London. Previously known as London Gatwick,In 2010, the name changed from London Gatwick Airport to Gatwick Airport...
and possibly either Edinburgh Airport
Edinburgh Airport
Edinburgh Airport is located at Turnhouse in the City of Edinburgh, Scotland, and was the busiest airport in Scotland in 2010, handling just under 8.6 million passengers in that year. It was also the sixth busiest airport in the UK by passengers and the fifth busiest by aircraft movements...
or Glasgow International Airport
Glasgow International Airport
Glasgow International Airport is an international airport in Scotland, located west of Glasgow city centre, near the towns of Paisley and Renfrew in Renfrewshire...
also. This is following a report by the Competition Commission
Competition Commission
The Competition Commission is a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom...
into BAA's market dominance in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
/South East England
South East England
South East England is one of the nine official regions of England, designated in 1994 and adopted for statistical purposes in 1999. It consists of Berkshire, Buckinghamshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey and West Sussex...
and Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
. Gatwick Airport has since been sold to another management group.
Ownership
Manchester Airports Group is wholly owned by the ten local authorities of Greater ManchesterGreater Manchester
Greater Manchester is a metropolitan county in North West England, with a population of 2.6 million. It encompasses one of the largest metropolitan areas in the United Kingdom and comprises ten metropolitan boroughs: Bolton, Bury, Oldham, Rochdale, Stockport, Tameside, Trafford, Wigan, and the...
, with a majority share (55%) owned by Manchester City Council
Manchester City Council
Manchester City Council is the local government authority for Manchester, a city and metropolitan borough in Greater Manchester, England. It is composed of 96 councillors, three for each of the 32 electoral wards of Manchester. Currently the council is controlled by the Labour Party and is led by...
; the other nine local authorities own 5% each.
Shareholding
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
details:
- Manchester City CouncilManchester City CouncilManchester City Council is the local government authority for Manchester, a city and metropolitan borough in Greater Manchester, England. It is composed of 96 councillors, three for each of the 32 electoral wards of Manchester. Currently the council is controlled by the Labour Party and is led by...
- 55% - Metropolitan Borough of BoltonMetropolitan Borough of BoltonThe Metropolitan Borough of Bolton is a metropolitan borough of Greater Manchester, England. It is named after its largest settlement, Bolton, but covers a far larger area which includes Blackrod, Farnworth, Horwich, Kearsley and Westhoughton, and a suburban and rural element from the West Pennine...
- 5% - Metropolitan Borough of BuryMetropolitan Borough of BuryThe Metropolitan Borough of Bury is a metropolitan borough of Greater Manchester, in North West England. Lying to the north of the City of Manchester, the borough is composed of six towns: Bury, Ramsbottom, Tottington, Radcliffe, Whitefield and Prestwich, and has a population of 181,900...
- 5% - Metropolitan Borough of OldhamMetropolitan Borough of OldhamThe Metropolitan Borough of Oldham is a metropolitan borough of Greater Manchester, England. It has a population of 219,600, and spans . The borough is named after its largest town, Oldham, but also includes the outlying towns of Chadderton, Failsworth, Royton and Shaw and Crompton, the village of...
- 5% - Metropolitan Borough of RochdaleMetropolitan Borough of RochdaleThe Metropolitan Borough of Rochdale is a metropolitan borough of Greater Manchester in North West England. It is named after its largest town, Rochdale, but spans a far larger area which includes the towns of Middleton, Heywood, Littleborough and Milnrow, and the village of Wardle.The borough was...
- 5% - City of SalfordCity of SalfordThe City of Salford is a city and metropolitan borough of Greater Manchester, England. It is named after its largest settlement, Salford, but covers a far larger area which includes the towns of Eccles, Swinton-Pendlebury, Walkden and Irlam which apart from Irlam each have a population of over...
- 5% - Metropolitan Borough of StockportMetropolitan Borough of StockportThe Metropolitan Borough of Stockport is a metropolitan borough of Greater Manchester, in north west England, centred around the town of Stockport. It has a population of about 280,600 and includes the outyling areas of Cheadle and Cheadle Hulme, Marple, Bredbury, Reddish and Romiley...
- 5% - Metropolitan Borough of TamesideTamesideThe Metropolitan Borough of Tameside is a metropolitan borough of Greater Manchester in North West England. It is named after the River Tame which flows through the borough and spans the towns of Ashton-under-Lyne, Audenshaw, Denton, Droylsden, Dukinfield, Hyde, Mossley and Stalybridge. Its western...
- 5% - Metropolitan Borough of TraffordTraffordThe Metropolitan Borough of Trafford is a metropolitan borough of Greater Manchester, England. It has a population of 211,800, covers , and includes the towns of Altrincham, Partington, Sale, Stretford, and Urmston...
- 5% - Metropolitan Borough of WiganMetropolitan Borough of WiganThe Metropolitan Borough of Wigan is a metropolitan borough of Greater Manchester, in North West England. It is named after its largest component town, Wigan and also includes the towns of Leigh, Ashton-in-Makerfield, Ince-in-Makerfield, and Hindley. The borough was formed in 1974 and is an...
- 5%