Promise of new investment at Stansted airport

Millions of pounds in investment and more choice for passengers were two of the promises made today by the new owners of Stansted airport.

M.A.G, which is owned by local councils in the North West, has spent £1.5 billion to acquire Stansted from the owners of Heathrow.

MAG already run three other airports including Manchester making them the country's biggest UK-owned operator. Some have welcomed the change of ownership but others aren't so happy.

Click below to watch a report by ITV News Anglia's Business Correspondent Matthew Hudson:

Click here to see what travel journalist Simon Calder had to say about the new owners of Stansted airport

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New owners at Stansted

The company formerly known as BAA has sold Stansted airport in Essex to the Manchester Airports Group for £1.5 billion.