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Airports

Norwich Airport Set for Growth with New Ownership

Strategic Insights

— 1 min read

The sale of Norwich Airport to FTSE100 investment group ICG, as part of a £200m deal for three UK airports, is expected to drive further growth, flights, and job opportunities. According to Andrew Bell, chief executive of Regional & City Airports, ICG will support the airport's strategy to build on its recent success. The airport, which welcomed almost 430,000 passengers in the year ending March 2025, is set to continue its upward trend with new ownership.

Key Takeaways:

  • Norwich Airport's new owner, ICG, is a FTSE100 asset manager with experience in infrastructure management and investment.
  • The airport's growth strategy remains unchanged, with a focus on increasing flights, routes, and job opportunities.
  • Ryanair's introduction of flights in April 2024 drove a 23% increase in passenger numbers, with almost 430,000 passengers in the year ending March 2025.
  • The airport employs 250 people and flies to 19 destinations.
  • The sale of Norwich Airport, as part of a £200m deal, is set to be formally agreed later this month.
  • The new ownership is expected to bring significant investment and expertise to the airport, supporting further growth.
  • Regional & City Airports' chief executive, Andrew Bell, praised the previous owner, Rigby Group, for delivering growth and navigating the pandemic.

Statistics:

  • Norwich Airport welcomed almost 430,000 passengers in the year ending March 2025, a 23% increase from the previous year.
  • The airport employs 250 people.
  • The airport flies to 19 destinations.
  • The sale of Norwich Airport, as part of a £200m deal, is set to be formally agreed later this month.
  • Norwich Airport serves more than 200,000 passengers annually.

Sources:

  • Supplied
  • Supplied
  • The Telegraph, August 4, Andrew Bell quoted in "[New owner] for Norwich Airport as part of £200m deal for Exeter and Bournemouth airports"](https://www.telegraph.co.uk/business/2023/08/04/norwich-airport-sale-exeter-bournemouth-airports/)
  • Regional & City Airports press release, August 4, 2023

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