As you will know, I made a bold election pledge. I promised to the people of the Tees Valley that our airport should be run by the people, for the people. This means bringing Teesside Airport back into public ownership.
Over the past 12 months, I’ve had a series of informal discussions with Peel Airports. It has been tough going, and people rightly wonder if I can deliver this.
But I am pleased to say those discussions are now entering a more advanced stage. I can confirm that a strict Non-Disclosure Agreement has been signed between my Office and Peel Group. We will be discussing future ownership. And we both want a resolution that will safeguard the future of the airport.
This is a welcome development, but there’s more.
I am also pleased to say that a separate NDA has been signed with a well-established airport operator who is interested in partnering with me as we move forward.
I really wish I could say more, and I hope to in due course, but what is clear is we’re moving in the right direction.