US EditionICG takes off with £200m deal for Exeter and Bournemouth airports
UNITED KINGDOM, AUG 3 – ICG will support Regional & City Airports' growth and sustainability plans after acquiring three airports serving over 2 million passengers annually, marking its first aviation sector investment.
- ICG is acquiring Regional & City Airports, including Bournemouth, Exeter, and Norwich, in a £200 million deal expected to close later this month.
- The sale follows Rigby Group's decade-long stewardship amid a rising passenger base exceeding two million across the airports annually.
- ICG plans to maintain current operations without restructuring while supporting growth, sustainability, and expansion of airport, cargo, and executive aviation services.
- Steve Gill confirmed that RCA’s operations will continue unchanged despite the ownership transition, while Bournemouth Airport reached a new passenger milestone of 1.1 million last year.
- The acquisition positions RCA for an ambitious growth phase under ICG, emphasizing sustainable practices and regional connectivity without changing leadership or workforce.
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Regional & City Airports forms strategic partnership with ICG
Regional & City Airports, the operator of Bournemouth, Exeter and Norwich airports and owner and operator of XLR Executive Jet Centres, today announced that it has entered into an agreement to partner with global alternative asset manager, ICG, after more than a decade of successful collaboration with Rigby Group. The transaction is due to close later this month. The new partnership will see ICG’s European Infrastructure team support RCA’s conti…
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