The company that owns Coventry Airport has taken over Exeter International Airport from Balfour Beatty plc for an undisclosed sum.
The Rigby group, which has also recently acquired British International Helicopters, will bring the airport into its Patriot Aerospace division. It says the move shows its commitment to regional aviation and will secure 305 jobs.
More top news
Ocean racers begin 3000m Transat Bakerly journey from Plymouth to New York
Thousands of rowers have been heading home from the biggest World Pilot Gig Championships in the competition's 27 year history.
In true Bank Holiday style we will see some rain for a time today. However, the rest of the week is looking drier, brighter and warmer.