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TBI to take control of Luton airport

The group plans to acquire an additional 65 per cent shareholding in the airport from Barclays Industrial Investments Ltd and Barclays UK Infrastructure Fund.

UK-based airport group TBI plc, which has a 25 per cent shareholding in Luton airport,is proposing to acquire an additional 65 per cent. It would also try to come to an agreement on handling charges with budget airline Easyjet, Reuters reports.

The budget airline operator had criticised current owners Barclays over increases in its passenger and baggage handling fees.

The potential £82m deal would buy out the airport’s current financial backers Barclays Industrial Investments Limited and Barclays UK Infrastructure Fund.

TBI management already controls Belfast and Cardiff international airports.

Luton is the seventh largest airport in the UK and serves 5.5m passengers a year.