Councils share £107m windfall thanks to Manchester Airport’s success
The owners of Manchester Airport say they have seen a seventh consecutive year of growth thanks to an increase in passenger numbers.
The increase in profits means that Greater Manchester Councils have been handed £107m in dividends.
Manchester Airport Group - which also owns London Stansted and East Midlands airports – said revenues and profits were up, driven in part by a 6.5% increase in passenger numbers at Manchester.
Manchester City Council is set to receive £58.9m on the back of the results.
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