Belfast Telegraph

APRIL: City airport snapped up and silver lining for Bombardier

Biggest business stories of 2016

The Belfast Telegraph reveals that George Best Belfast City Airport is to be sold to 3i Infrastructure Fund by its owners of eight years, EISER, in a deal which also includes assets in Italy, Spain and England.

BELFAST Telegraph Business Awards take place, with Brian McConville, head of MJM Group, honoured as Businessperson of the Year. Henderson Group - the name behind the Spar franchise - is named Overall Business of the Year.

DELTA Air Lines places an order for Bombardier CSeries narrow passenger jets, a moment of hope in a pretty dismal year for the manufacturer. The Canadian-owned firm secured a deal to sell 75 of its CS100 aircraft to Delta, with the potential for another 50 orders. The deal is valued at nearly £4bn.

ACCOUNTS for Kilmona Investments, run by property developer Paddy Kearney, reveal he had £250m worth of debt written off by US vulture fund Cerberus.

Cerberus purchased debts from Mr Kearney's business group from Nama, as part of Northern Ireland's biggest ever loan sale, named Project Eagle.

WIREFOX pays close to the £5.75m asking price for Oxford and Gloucester House on Belfast's Chichester Street.

JOB losses at Bombardier and tobacco giant JTI Gallaher start to take effect. Around 300 workers leave the aerospace giant. JTI had announced the gradual closure of its Ballymena factory in 2014, with the site to shut completely by 2017.

DEPARTMENT store BHS goes into administration, one year after retail tycoon Sir Philip Green sold the chain for £1 to Dominic Chappell. Four stores in Northern Ireland employing nearly 200 people - at the Abbeycentre, in Lisburn and at Holywood Exchange and Castle Place in Belfast, are all affected.

Belfast Telegraph

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