Blackpool Airport Ltd has entered liquidation, resulting in the loss of 100 jobs.
The airport’s owner, Balfour Beatty, had failed to find a buyer in time, leading to the closure of the airport and the appointment of joint liquidators, Nick Cropper, Alastair Beveridge and Catherine Williamson from Zolfo Cooper.
Due to tough competition and a loss of customers, the owner felt there was no other option but to call in the administrators after failing to find a suitable buyer.
Cropper commented, “It is with regret that we have had to close the business. The company's business model relied on reaching approximately 500,000 passengers per annum to achieve break-even.
“However, as a result of the global economic downturn, competition from other airports in North West England and the loss of a key customer, these numbers have not been achieved and have remained at or around 250,000 per annum”.
If you are an employee of the business, please listen to the video below as it will tell you your rights as an employee of an insolvent business. There is a link at the end of the video to the Government website which expands further on what you need to know.