Ciudad Real Airport in Spain has been sold for €10,000 (US$10,860) to a consortium of Chinese-led investors, according to a report by the BBC. The airport cost €1bn (US$1.08bn) when it opened in 2008, but then went bankrupt and closed in 2012.
The group known as Tzaneen International made the winning bid at a Spanish auction, and claim that they want to make the airport into a European entry point for Chinese companies.
The airport is located approximately 146 miles south of Madrid and was intended to be an alternative to Adolfo Suárez Madrid–Barajas Airport. It is not clear if the sale will go ahead as another buyer could still step forward outside of the auction process and meet the €28m (US$30.4m) asking price before the end of September 2015.
Ciudad Real Airport is one of two ‘ghost airports’ built during Spain’s construction boom. The other is Castellón–Costa Azahar Airport on the east coast, which opened in 2011 and is yet to host a commercial flight.
To read more from the report by the BBC click here.
