Six airports to be sold in turbulent times

The Swedish Airports and Air Navigation Services (LFV) is to sell off six of its airports to municipalities or other local parties in connection with a reorganisation of the company in 2010.

LFV has suffered from the current economic downturn, forcing the company to put a number of small airports up for sale around the country.

The airports affected by the cutbacks are Jönköping, Skellefteå, Örnsköldsvik, Sundsvall, Karlstad and Ängelholm.

LFV announced profits of 151 million kronor ($21,6 million) for the first nine months of this year compared with 516 million kronor ($73,8 million) in the same period in 2008. Meanwhile, the total number of passengers has reduced by 13 percent.

The sell offs are also connected to a reorganisation of the company, which will be divided into two separate business entities next year.

One company will be dedicated to overseeing air traffic and navigation services while the other will run the ten remaining airports it owns.

“The reduction of air traffic, both the number of passengers and the number of flights, has had a negative effect on our finances throughout 2009,” said LFV’s general director Lars Rekke in a statement.

The LFV Group consist of the state enterprise Luftfartsverket (Swedish Transport Agency) its subsidiaries and associated companies.

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