National Express Group PLC is pleased to note the announcement by the Port Authority of New York and New Jersey Board Commissioners that they have approved the purchase of the operating lease at Stewart International Airport, New York State for $78.5 million.
These negotiations for the sale, which began shortly before Christmas, are expected to be completed soon. The transaction will ultimately be subject to final agreement of the Purchase Agreement and certain regulatory approvals.
A further announcement will be made in due course when all conditions have been met.
- ENDS -
For further information:
Adam Walker/Nicola Marsden
National Express Group PLC 020 7529 2000
Andrew Dowler/Ben Foster
Financial Dynamics 020 7831 3113