Spanish operating firm Albertis may sell off its three UK airports in order to pay off debts.

Airport news for Finance,Flights on 25/02/2013.

Arrange your travel plans by choosing from car hire, hotels, flights, airport parking and travel insurance using our form.

Spanish operating firm Albertis may sell off its three UK airports in order to pay off debts.

According to a Guardian report published at the Weekend, the company is now looking to shed Luton and Belfast airports and is amid final sale negotiations with the Welsh government for Cardiff airport.

Analysts say the move would help the company to reduce its debts, which are now worth some €14.1 billion (£12.2 billion). Albertis currently owns 29 airports globally and is also the largest toll road company worldwide. Officials for the firm have reportedly been meeting with lenders in recent weeks in the effort of identifying non-essential assets.

An Albertis spokesman said in a statement that all of the company’s airport operations are currently under review. He added that all options were open, including the sale of the three UK gateways.

The news comes after the sale of Edinburgh and Stansted airports, which together brought the former BAA a total of £2.3 billion. The figure was significantly higher than analysts’ predictions and likely caught the eye of airport operators throughout the region.

More Airport News