International Cargo Group (ICG) is preparing to expand its aviation portfolio by acquiring three regional airports in England, according to Sky News. The deal is valued at approximately £200 million ($264 million), marking a significant investment in the UK’s regional airport infrastructure.
The airports involved in the acquisition are expected to enhance ICG’s logistics capabilities and regional connectivity. While the specific airports have not been publicly disclosed, industry sources suggest that the purchase will bolster ICG’s presence in key logistical hubs across England.
This move signals ICG’s strategic shift toward strengthening its in-country air freight operations, potentially tapping into growing e-commerce and freight needs post-Brexit and amid evolving international trade patterns. The company aims to leverage these assets to facilitate faster distribution channels and expand its service offerings within the UK market.
The transaction is anticipated to be finalized in the coming months, subject to regulatory approvals and customary closing conditions. The acquisition underscores ICG’s commitment to investing in critical infrastructure to support its long-term growth objectives in the logistics and transportation sectors.