Manchester Airports Group

Manchester Airports Holdings Limited
Manchester Airports Group (MAG)[1]
Company typePublic holding
IndustryTransport
Founded2001
HeadquartersManchester Airport,
Manchester, Greater Manchester,
England, United Kingdom
Key people
ProductsAirport operations and services
Revenue£893.4 million (2020)[2] Increase 3.7%
£382.1 million (2020)[2]Increase 6.8%
Total assets£4.2144 billion (2020)<[3]
Increase 0.01%
Total equity£1.3457 billion (2020)[2]
Decrease 9.8%
Owner
Number of employees
40,000
SubsidiariesMAG Developments
CAVU

Manchester Airport
Stansted Airport[4]
East Midlands Airport
Websitewww.magairports.com

Manchester Airports Group, known as MAG is a British airport operator which owns three British airports: Manchester Airport, East Midlands Airport, and Stansted Airport.

The Group operates under Manchester Airports Holdings Limited, a holding company owned by the ten metropolitan borough councils of Greater Manchester, and Australian investment fund IFM Investors.[5] Founded in 2001, MAG is the largest UK-owned airport operator, following the purchase of BAA by Ferrovial in 2006. In the 2023/24 financial year, 61.3 million passengers used MAG airports.[6]

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.[7] 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.[8]

  1. ^ "2024 Annual Report & Accounts" (PDF). Manchester Airports Group (MAG). Retrieved 16 October 2024.
  2. ^ a b c "MAG Annual Report 2019-20" (PDF). MAG. Retrieved 2 November 2020.
  3. ^ "MAG Annual Report 2019-20" (PDF). MAG. Retrieved 2 November 2020.
  4. ^ "Overview - MAG (Manchester Airports Group) - Manchester, London Stansted, East Midlands Airports". www.magairports.com.
  5. ^ "2024 Annual Report & Accounts" (PDF). Manchester Airports Holdings Limited. 2024.
  6. ^ "Record year with MAG ready for exciting period of investment and growth". Record year with MAG ready for exciting period of investment and growth. Retrieved 16 October 2024.
  7. ^ "INTERIM REPORT & ACCOUNTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018" (PDF). magairports.com.
  8. ^ "Airport generates £100m dividend". Manchester Confidential. 7 October 2010. Archived from the original on 29 November 2014. Retrieved 20 January 2013.