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Welsh Government reaches agreement with TBI to buy Cardiff Airport

The First Minister Carwyn Jones has announced that the Welsh Government has reached an agreement with TBI (International airport management company) to purchase Cardiff Airport

The purchase of the airport will provide some very exciting opportunities for international trade and tourism

We believe there is great potential to develop the airport, especially with the possible devolution of air passenger duty

The First Minister confirms the airport would be run by a specialist operator and that any investment will result in a financial return.

It is fairly common in the UK & EU for airports to be state-owned. Cardiff Airport will be run on a commercial basis

– Carwyn Jones AM First Minister