History of Nottingham East Midlands
Airport
The airport was formerly a RAF station
and was purchased by the councils of Nottingham, Derby and
Leicester. The airport was officially opened in 1965 and was
a modest affair with a short runway of less than 6000ft and
only 60ft wide. The expansion of the airport in the 70’s
was driven as much by the increasing freight passing through
the airport than passenger levels. A new freight terminal
was built and the runway extended twice in the seventies.
A million passengers in a year was
eventually reached in 1985 and Princess Anne opened a new
passenger terminal the following year at a cost of £3
million. In 1987 local authorities for legal reasons were
no longer able to operate the airport on a partnership basis
and a private Limited Company was formed with the council
members as shareholders.
Airport development is a costly business
and revenue returns have to be looked at in the long term.
The councils decided in 1993 that they were unable to commit
to such funding requirements and the airport was historically
sold to National express Group for £24 million. Having
easier access to capital National Express invested nearly
80 million during the next 8 years, including an adding 600
metres to the runway, which was an important step to being
able to secure long haul flights previously denied.
National Express sold the airport
in 2001 along with Bournemouth airport to the Manchester Group
whose shareholders ironically are the councils of greater
Manchester. The Manchester group experience in developing
Manchester airport was no doubt paramount in this decision
and East Midlands’ airport has never looked back since
this purchase with unprecedented rise in passenger levels.
This has been accompanied by major
freight development boosted by DHL to establish its headquarters
on airport at a cost of £35 million.
The adjacent business park is fully
occupied and major hotel groups are now established on site.
Once again the catalyst for this
growth has been the low cost flyers such as bmibaby and Easyjet,
which has driven passenger, levels over 2.5 million.