A SWISS investment firm looks set to become the new owner of Coventry Airport.
Airport Development Partners could be taking over the running of the business after more than two weeks of talks with the landowners Coventry City Council.
The move would safeguard hundreds of jobs – which have been under threat since the airport closed suddenly in December.
The deal could be finalised within the next few weeks if ADP successfully completes its 30 days of due diligence.
The firm, which is based in Switzerland but has mostly American shareholders, is a private airport investment and development firm that is dedicated to investing in regional airports across Europe.
ADP was one of several serious contenders bidding for the chance to run Coventry Airport.
The airport’s previous owners, West Midlands Airport Ltd, was wound up at London’s High Court after being served with a petition from HM
Revenue and Customs in
October over mounting debts.
About 70 jobs were lost when the airport closed, but hundreds more were said to be at risk if a new owner could not be found.
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