Manchester Airport, Manchester, Greater Manchester, England, United Kingdom
Products
Airport operations and services
Revenue
£893.4 million (2020)[1] 3.7%
Operating income
£382.1 million (2020)[1] 6.8%
Total assets
£4.2144 billion (2020)<[2] 0.01%
Total equity
£1.3457 billion (2020)[1] 9.8%
Number of employees
40,000
Subsidiaries
MAG Developments
Manchester Airport Stansted Airport[3]
Website
www.magairports.com
Manchester Airport Holdings Limited, trading as MAG (originally Manchester Airports Group)[4] is a holding company which is owned by the ten metropolitan borough councils of Greater Manchester, in North West England, and Australian investment fund IFM Investors. Founded in 2001, MAG is the largest UK-owned airport operator, following the purchase of BAA by Ferrovial in 2006. MAG owns three British airports: Manchester Airport, East Midlands Airport, and Stansted Airport. In the 2017/18 financial year, 58.9 million passengers used MAG airports.[5]
Of the ten metropolitan boroughs of Greater Manchester, Manchester City Council holds the largest stake, at 35.5%. The remaining nine councils hold a total of 29%. IFM Investors own a 35.5% stake in MAG. The Group has its registered office at Manchester Town Hall.[4] MAG operates on a commercial basis at arm's length from its public owners who only take a dividend from profits. This was £20 million in 2010 while MAG retained £80 million from the £100 million profit.[6]
^"MAG Annual Report 2019-20" (PDF). MAG. Retrieved 2 November 2020.
^"Overview - MAG (Manchester Airports Group) - Manchester, London Stansted, East Midlands Airports". www.magairports.com.
^ ab"INTERIM REPORT & ACCOUNTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018" (PDF). magairports.com.
^"MAG delivers another year of strong growth".
^"Airport generates £100m dividend". Manchester Confidential. 7 October 2010. Archived from the original on 29 November 2014. Retrieved 20 January 2013.
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Global Information
3.7%
9.8%