May 1, 2012
Cambridge Airport pledges £20m investment with aim of creating centre of aerospace excellence
The Marshall Group, owner of Cambridge Airport, UK, are preparing to embark on a £20m investment programme to open up the green field site to the south site of the runway, kick-starting the next phase of enhancements at the expanding East of England airport. Ground-breaking is scheduled for early July. The investment will focus on a new taxiway, which will provide a key access route to the south of the runway. Spend will also centre on a major rehabilitation of the runway which will enhance its performance and maintain the airport’s critical asset for a further 12 years. The project will also deliver significant environmental benefits through the implementation of an improved drainage system.
This next strategic phase follows a strong year for the airport which saw executive aviation movements increase, the introduction of regional airline services and the addition of leading aviation companies as tenants. After a competitive tender process, Cambridge Airport selected ExecuJet Europe to run its Fixed Based Operation (formerly Marshall Business Aviation) and the Swiss headquartered company moved in on 1 January this year. It subsequently announced it was moving its flight operations to the UK from Zurich and will have some 50 plus personnel based at Cambridge by year end. Other tenant companies taking up residency since EBACE 2011 include business aircraft sales distributors Action Aviation and the Pilot Training College, PTC.