Chinese group buys Spanish airport for $11,000

Global Business

airport

It’s not every day an airport goes up for sale, but that’s exactly what recently happened in Spain. What makes it even more unusual is a Chinese investment group wants to buy the abandoned airport for just $11,000. The Ciudad Real airport was built six years ago but closed in 2012. Although the owners of the airport stand to lose almost all their money, the town itself has high hopes. CCTV’s Dan Williams filed this report.

Chinese group buys Spanish airport for $11,000

Chinese group buys Spanish airport for $11,000

It's not every day an airport goes up for sale, but that's exactly what recently happened in Spain. What makes it even more unusual is a Chinese investment group wants to buy the abandoned airport for just $11,000.The Ciudad Real airport was built six years ago but closed in 2012. Although the owners of the airport stand to lose almost all their money, the town itself has high hopes. CCTV's Dan Williams filed this report. More details: The town of Ciudad Real has a population of 75,000 people and is a two-hour drive from Madrid. The airport in Ciudad Real opened in 2009 at a cost of about 500 million dollars. It has a four kilometer runway, able to handle the world's biggest passenger planes, but stands empty and closed down.

More details:

  • The town of Ciudad Real has a population of 75,000 people and is a two-hour drive from Madrid.
  • The airport in Ciudad Real opened in 2009 at a cost of about 500 million dollars. It has a four-kilometer runway, able to handle the world’s biggest passenger planes, but stands empty and closed down.