º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Enterprise

New chief executive at Welsh Government-owned Cardiff Airport

Jon Bridge is a previous CEO of brewing and hospitality firm SA Brain & Co

Cardiff Airport.

Cardiff Airport has appointed a new chief executive. Jon Bridge, whose previous roles include being chief executive of brewing and hospitality company SA Brain & Co, will take up his new position at the helm of the Welsh Government-owned airport next month.

The role has been held in an interim capacity by board member Andy Jones - a former chief executive of the Port of Milford Haven - following the departure of former chief executive Spencer Birns back in March. No reason for his exit from what was a £131,000 remunerated role was given.

New Cardiff Airport chief executive Jon Bridge.


Mr Bridge said “I’m honoured to be joining Airport at such a pivotal time. The national airport of Wales is a vital asset for our country, providing economic benefits, jobs and ensures global connectivity. We are striving to be the first choice for airline passengers and the centre of Wales’ aviation related industry.

" I’ll be working hard with our team and partners to continue the process of diversifying the business, driving growth, developing our people and ensuring we continue to provide an excellent experience for our customers.”

A legal challenge, on the grounds of anti-competitive state aid, has been lodged by rival Bristol Airport over plans by the to provide, over a 10 year period, £200m in grant funding to the loss-making airport.

The administration said the funding was designed to support a number of activities including securing new routes to get passengers up to two million a year by 2035, and growing non terminal related incomes, such as from aircraft maintenance repair and overhaul.

In its last financial year the airport posted an Ebitda (earnings before interest, tax, depreciation and amortisation), of £5.8m.

However, this was before the release of a Welsh Government grant of £10.1m as part of the airport’s five year post-Covid recovery plan. With grant, debt and equity support, and the £52m paid to acquire it from Spanish group Abertis in 2013, the Welsh Government has invested around £180m in the airport.