Ciudad Real airport for sale

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Photo psmag.com
Ciudad Real airport

THE AIRPORT at Ciudad Real, just over 200 km south of Madrid, has been put up for sale only a few years after its completion.

Ciudad Real’s airport has become internationally infamous as an example of financial disaster and overspending since it was finished in 2008.  It cost €1.1 billion to build, funded to a large extent by the Caja Castilla La Mancha savings bank, one of Spain’s first banks to be bailed out in 2010.

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The airport’s operator went bankrupt in April 2012, having failed to bring enough traffic, and has since been lying empty.  Administrators have now put it up for sale for €100 million and are accepting offers until December 27.




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