Ciudad Real Airport sells at auction for €10,000

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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.

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Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

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