Manchester Airports Group

Manchester Airports Holdings Limited
Trade name	Manchester Airports Group (MAG)
Company type	Public holding
Industry	Transport
Founded	2001
Headquarters	Manchester Airport,; Manchester, Greater Manchester,; England, United Kingdom
Key people	Charlie Cornish (Non-Executive Chair); Ken O'Toole FCA (CEO); Jan Bramall FCA (CFO);
Products	Airport operations and services
Revenue	£893.4 million (2020) 3.7%
Operating income	£382.1 million (2020) 6.8%
Total assets	£4.2144 billion (2020)< ; 0.01%
Total equity	£1.3457 billion (2020) ; 9.8%
Owner	Manchester City Council (35.5 %); IFM Global Infrastructure Fund (35.5 %); Other Greater Manchester Local Authorities (29 %);
Number of employees	40,000
Subsidiaries	MAG Developments; CAVU; ; Manchester Airport; Stansted Airport ; East Midlands Airport
Website	www.magairports.com

Manchester Airports Group Limited, known as MAG is a British airport operator which owns three British airports: Manchester Airport, East Midlands Airport, and Stansted Airport.

The Group operates under Manchester Airports Holdings Limited, a holding company owned by the ten metropolitan borough councils of Greater Manchester, and Australian investment fund IFM Investors. Founded in 2001, MAG is the largest UK-owned airport operator, following the purchase of BAA by Ferrovial in 2006. In the 2023/24 financial year, 61.3 million passengers used MAG airports.

Of the ten metropolitan boroughs of Greater Manchester, Manchester City Council holds the largest stake, at 35.5%. The remaining nine councils hold a total of 29%. IFM Investors own a 35.5% stake in MAG. The Group has its registered office at Manchester Town Hall. MAG operates on a commercial basis at arm's length from its public owners who only take a dividend from profits. This was £20 million in 2010 while MAG retained £80 million from the £100 million profit.