Jazmin Li
MAG, or Manchester Airports Group, is the largest UK-owned airport operator and owns and operates Manchester, London Stansted, and East Midlands airports. The group serves nearly 42 million passengers annually and employs over 6,000 people. MAG is privately managed on behalf of its shareholders, with Manchester City Council owning the largest stake at 35.5%substantial property business, with over £640 million of investment property assets across its airports.
| Characteristics | Values |
|---|---|
| Full Form | Manchester Airports Group |
| Airports Owned and Operated | Manchester, London Stansted, East Midlands |
| Number of Passengers | 42 million (as per latest data) |
| Number of Employees | 6,000+ |
| Energy Sources | 100% renewable |
| Carbon Emissions | Net Zero by 2038 |
| Shareholders | Manchester City Council (35.5%), IFM Investors (35.5%), and nine other Greater Manchester local authorities (29%) |
| Contribution to UK Economy | £3 billion+ |
| Property Business Investment | Over £640 million |
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What You'll Learn
- Manchester Airports Group (MAG) is the largest UK airport operator
- MAG serves over 42 million passengers annually
- MAG owns and operates Manchester, London Stansted and East Midlands airports
- MAG's property business has over £640 million of investment property assets across its airports
- MAG is committed to sustainability and was the first UK airport group to be certified carbon neutral in 2016
Manchester Airports Group (MAG) is the largest UK airport operator
MAG serves nearly 42 million passengers annually and has over 6,000 employees. The group encompasses several investment holding companies, such as Manchester Airport Finance Holdings Limited, and trading companies, including MAG Airport Limited, that provide various services related to airport travel and parking. MAG's property and facilities management arm, MAG Property, is responsible for the Group's estate and the development of Manchester's Airport City.
MAG has a substantial property business, with over £640 million of investment property assets across its airports. The group is also focused on sustainability and was the first airport group in the UK to be certified as carbon neutral in 2016. MAG has a target to be net-zero carbon by 2038 and supports the UK government's commitment to the principles of sustainable development in the aviation industry.
In addition to its airport operations, MAG has its own technology and e-commerce business, CAVU, which offers an eCommerce platform for pre-booking airport services and a network for airport parking. MAG also contributes to the local community, supporting the education of over 30,000 young people in the last year and contributing billions to the national economy.
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MAG serves over 42 million passengers annually
MAG, or Manchester Airports Group, serves nearly 42 million passengers annually through its ownership and operation of Manchester, London Stansted, and East Midlands airports. MAG is the largest UK airport group and the third-busiest airport in the United Kingdom after Heathrow and Gatwick. It was founded in 2001 and is owned by the ten metropolitan borough councils of Greater Manchester, with Manchester City Council holding the largest stake at 35.5%remaining nine councils, including Bolton, Bury, Oldham, Rochdale, Stockport, Tameside, Trafford, Wigan, and Salford City Council, collectively own 29%.
MAG's property and facilities management arm, MAG Property, is responsible for the Group's estate and the development of Manchester's Airport City. The Group has a substantial property business, with over £640 million of investment property assets across its airports. MAG also has a 50% investment in the £1 billion, 5 million sq ft Airport City development at Manchester Airport.
In addition to its property business, MAG has a number of other businesses and subsidiaries. These include MAG US, which works with airports to develop and operate terminal and retail solutions, passenger lounges, and car parking facilities, and CAVU, a digital travel services subsidiary that offers an eCommerce platform for pre-booking airport services. MAG also runs airport service-related businesses, including baggage handling, ground services, car parking, airport security, and engineering.
MAG is committed to sustainability and was the first airport group in the UK to be certified as carbon neutral in 2016. The Group has an extensive and ambitious strategy in place, with a target to be net-zero carbon by 2038, 12 years ahead of the national target. MAG also supports the UK government's commitment to the principles of sustainable development in the aviation industry, striking a balance between economic, social, and environmental considerations.
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MAG owns and operates Manchester, London Stansted and East Midlands airports
MAG, or Manchester Airports Group, is the largest UK airport group. It owns and operates three UK airports: Manchester Airport, London Stansted Airport, and East Midlands Airport.
Manchester Airport, the third busiest airport in the UK, serves as the global gateway to the North of England. It handles around 19 million passengers annually, with over 60 airlines flying direct to approximately 200 destinations. The airport has a significant cargo operation, contributing to its overall growth. MAG Property, the property and facilities management arm of MAG, oversees the development of Manchester's Airport City, a £650 million project that aims to create a multi-purpose enterprise zone.
London Stansted Airport, purchased by MAG in 2013 for £1.5 billion, is another key airport under MAG's ownership. This acquisition was made possible through the investment of IFM Investors, who bought a 35.5% stake in MAG.
East Midlands Airport is also part of the MAG portfolio, having been acquired in 2001 for £241 million.
Together, these airports serve nearly 42 million passengers annually and contribute more than £3 billion to the UK economy. MAG's operations support thousands of jobs and adhere to sustainable development principles, balancing economic, social, and environmental considerations.
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MAG's property business has over £640 million of investment property assets across its airports
MAG, or Manchester Airports Group, is the largest UK-owned airport operator. It owns and operates three UK airports: Manchester, London Stansted, and East Midlands. The group also encompasses several investment holding companies, such as Manchester Airport Finance Holdings Limited and MAG US (Apollo) Inc, facilitating financial operations and investment activities.
MAG Property, the property and development arm of the group, is responsible for the management and development of all the commercial property across Manchester Airports Group's airports. It was previously known as MADL (Manchester Airport Developments) but was rebranded as MAG Developments in 2009. MAG Property has a portfolio of over £640 million in investment property assets across the group's airports. This includes offices, terminals, hangars, warehouses, and hotels.
The group's overall strategic intent is to increase long-term shareholder value by generating profitable growth, developing its assets, and deploying efficient and customer-focused operating processes. MAG's airports and property business contribute more than £3 billion to the UK economy and support thousands of jobs.
One of MAG Property's key projects is the development of Airport City Manchester, a £650 million business destination located next to Manchester Airport. It will create up to 16,000 new jobs and is expected to be home to 5 million square feet of offices, hotels, advanced manufacturing, and logistics space. The Airport City project is a joint venture between MAG, Beijing Construction Engineering Group (BCEG), Carillion, and the Greater Manchester Pension Fund (GMPF).
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MAG is committed to sustainability and was the first UK airport group to be certified carbon neutral in 2016
Manchester Airports Group (MAG) is the largest airport group in the UK, owning and operating Manchester, London Stansted, and East Midlands airports. MAG is committed to sustainability and was the first UK airport group to be certified carbon neutral in 2016. The group has a long-standing commitment to decarbonisation and was a founding member of Sustainable Aviation in 2005.
MAG's overall strategic intent is to increase long-term shareholder value by generating profitable growth, developing its assets, and deploying efficient and customer-focused operating processes. The group's airports and property business contribute more than £3 billion to the UK economy and support thousands of jobs. MAG understands the impact of aviation on the environment and is taking steps to reduce its carbon emissions and operate more sustainably.
MAG has set a target of achieving net-zero carbon operations at its airports by 2038, 12 years ahead of the national target. The group is also a founding member of the Government's Jet Zero Council, which aims to achieve UK net-zero by 2050. In addition to reducing emissions, MAG is also preparing its airports for the climate change that will result from emissions that have already been released. The group regularly assesses the impact of climate change on its business and implements actions to mitigate risks and ensure business continuity.
MAG's sustainability initiatives include waste reduction, energy efficiency, and community engagement. The group is also investing in efficient infrastructure and working to deliver a net-zero supply chain. MAG's commitment to sustainability is evident in its operations and strategies, as the group strives to balance economic, social, and environmental considerations in the aviation industry.
MAG's certification as the first carbon-neutral airport group in the UK demonstrates its leadership and dedication to environmental sustainability. The group's efforts to reduce its carbon footprint and operate more sustainably set an example for other airports and businesses, contributing to the global transition towards a greener and more sustainable future. MAG's sustainability plans, strategies, and actions showcase its comprehensive approach to environmental stewardship and social responsibility.
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Frequently asked questions
MAG stands for Manchester Airports Group.
MAG owns and operates Manchester, London Stansted, and East Midlands airports.
MAG is the largest UK-owned airport operator, serving around 42 million passengers annually. The group also runs airport service businesses, including baggage handling, car parking, airport security, and more.
