A ‘ghost airport’ in Spain which cost €1bn to build has been sold at a bankruptcy auction for €10,000.
Ciudad Real’s La Mancha airport, also known as Don Quixote airport, opened in 2008. It opened to international flights in 2010 but went bankrupt and closed in 2012 after it failed to attract interest from airlines. The site has lain abandoned since.
Spanish news outlet Europa Press reports that this week the airport has invited bids at a bankruptcy auction - but so far they have only received one.
It is reported that a consortium of Chinese investors under the banner of ‘Tzaneen International’ has placed a bid of just €10,000 - a fraction of the 1 billion Euro it cost to build.
The bid has not been topped by any other investors, meaning that if no other bids are placed by September, the site will be theirs for the bargain price.
The airport was originally put up for auction with a €100m price tag last year. However, after it failed to attract any interest, it was reduced to €80m and subsequently €40m. Again, no buyers came forward.
The Chinese consortium told Europa Press that they would plan to make the airport a point of entry for cargo coming into Europe from international markets, especially from China.
The Ciudad Real airport is one of a number of so called ‘ghost airports’ which have lain abandoned in Spain after ambitious construction projects have not been able to withstand the financial crash.
Register for free to continue reading
Registration is a free and easy way to support our truly independent journalism
By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists
Already have an account? sign in
Join our new commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies