Abu Dhabi's burgeoning footprint in the northern English city of Manchester could soon stretch from the football pitch to the runway.
Abu Dhabi Investment Authority (Adia) is interested in acquiring a stake in Manchester Airports Group, which also owns three additional facilities in Bournemouth, Humberside and the East Midlands. It is understood an investment could pave the way for the acquisition of Stansted Airport in the south-east of the country.
"Manchester is not going to be an important international airport like a Heathrow or Charles de Gaulle - it's more likely to be seen as an avenue through which to invest in other airports in Europe," said Peter Morris, the chief economist of the Ascend aviation consultancy, based in the United Kingdom.
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