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Evening Standard

Business

Daniel O'Boyle

Esken mulls deal to settle debt dispute and secure London Southend Airport's future, but lose majority control

Esken London London Southend Airport Carlyle

The owner of London Southend Airport is mulling a deal that will secure the future of the Essex hub, but cut its stake in the airport to a minority interest.

Aviation business Esken revealed today it has negotiated a new deal with creditor Carlyle and Cyrus Capital Partners which would see London’s sixth-busiest airport apply for restructuring proceedings, and Esken’s stake reduced to below 50%.

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