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.
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Hundreds of police jobs are at risk in the region as Dorset and Devon and Cornwall forces agree to pool resources.
Ofsted unveiled a damning report today which uncovered "serious and widespread failures" when it comes to looking after vulnerable children.
A ban on growing genetically modified crops is to be lifted next week. But opponents say it could threaten the future of organic farms.