Southend Airport revealed this week that its owners have already begun a process of "looking for the right buyer" amid plans to sell the site.
A spokesman for the airport confirmed the news this week that its owners Esken are exploring the sale of the site.
The process to find the "right" buyer has already begun with the capital to support Southend Airport's new management team.
The airport spokesman commented: “Ultimately this will benefit our airline partners, customers, local stakeholders, and the region.
“Our parent company Esken is exploring a sale of London Southend Airport, and initial planning for this has already started.
“Esken will look for the right buyer with the capital to support our new management team and our ambitious growth prospects over the long term.”
The statement came after the airport owners issued an update on its strategic review process and trading performance.
A spokesman for Esken stated: “The board has concluded that it is in the best interests of all stakeholders to secure the long-term potential of these businesses and deliver value for Esken shareholders through a managed disposal process."
The initial planning of the sale of Southend Airport has commenced, the owner stated, with the "key objective" being to find the right buyer.
The buyer would need to support the growth prospects of the airport over the long term and benefit airline partners, customers and stakeholders.
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