30 August 2023
Wolverhampton Halfpenny Green Airport is under new ownership – pilot and local businessman Tony Hall who runs Stourbridge-based Pegasus Group.
Mr Hall said, “Such a unique opportunity to acquire Wolverhampton Airport was one not to be missed.
“First and foremost, I’ve always been a huge aviation enthusiast and having learnt to fly at the airport it holds a place of special significance for me.
“The airport is somewhat of a local treasure so its importance in the area was a factor not only for its resident pilots but also for the surrounding landscape and its neighbours.
“Lastly, the airport is business which I hope to see progress and strive to become a thriving airfield for all to appreciate.”
FLYER has made contact with Andrew Moores, Operations Director at the airport, who invited FLYER to visit in the near future.
Mr Moores said, “I’m sure you can appreciate that as the change of ownership has only just happened, we would like to gain some momentum over the next few months and aim to sit down with you towards the end of the year/early 2024.
“We are extremely excited for the next chapter for the airport and look forward to sitting down with you soon.”
Mr Moores pointed out key attributes of the airport, which gained the name Halfpenny Green when an RAF station in 1943:
Wolverhampton Halfpenny Green Airport
The £4.5 million acquisition was assisted by law firm Taylor Emmet whose Head of Corporate, Philip Jordan, said, “This transaction was challenging because, in addition to buying five businesses, one also had to adhere to the stringent regulations of the UK Department for Business, Energy, and Industrial Strategy regarding airport security and investment issues as well as the strict regulatory requirements of the Civil Aviation Authority for the airport licence.
“The 400-acre airfield site also had 43 commercial leases that needed to be reviewed and reported upon to the client and the transaction finance provider. Because of this, the acquisition process was intensive.”
