MG

Mag (Airports Group)

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Manchester Airports Group (MAG) - Company Research Report



Company Overview



  • Name: Manchester Airports Group (MAG)

  • Mission: To connect customers to the world with great airport experiences and innovative travel services. Vision is to be a world-leader in providing airport facilities and travel services, delivering value to all stakeholders.

  • Foundation: No information is available on the exact founding date or founders.

  • Key People:

  • Charlie Cornish, Chairman

  • Ken O’Toole, FCA, Group Chief Executive

  • Jan Bramall, ACA, Chief Financial Officer

  • Jenny Cochrane, General Counsel

  • Emma Crossland, Chief People Officer

  • Nicholas Woods, Chief Information Officer

  • Andrew Macmillan, Chief Strategy Officer

  • Other non-executive directors and executives leading various segments.

  • Headquarters: Manchester Airport, Manchester, M90 1QX, United Kingdom

  • Number of Employees: Directly employs 7,000 people and supports over 40,000 jobs across the supply chain.

  • Revenue: Contributed £10.6 billion to the UK economy in FY24.

  • Known For: Being the UK’s largest airport group, operating Manchester, London Stansted, and East Midlands airports, as well as the digital travel services business, CAVU.


Products and Services



  • Airports Operated:

  • Manchester Airport: Served 25 million passengers in 2023 and is undergoing a £1.3 billion transformation, set for completion in 2025.

  • London Stansted Airport

  • East Midlands Airport


  • Digital Services:

  • CAVU: A service focused on unlocking value from the airport passenger journey, offering technology solutions and enhancing passenger experience through premium products, intelligent performance, and global distribution capabilities.


Key Features of CAVU Services


  • propel™: Technology that drives revenue, growth, and operational efficiencies.

  • Passenger Experiences: Premium products like lounges, FastTrack, and retail solutions.

  • Intelligent Performance: Provides tailored commercial services, including Revenue Management and Digital Marketing.

  • Distribution: Enhances global distribution to increase product reach and profitability.


Recent Developments



  • Sustainability Commitment:

  • Working towards net-zero carbon operations by 2038, 12 years ahead of the national target.

  • Founding member of the Government’s Jet Zero Council and Sustainable Aviation.

  • Recognition as a Financial Times ‘European Climate Leader’ for three consecutive years.


  • Economic Contributions:

  • Supported more than 6,500 young people's education through on-site Aerozones in 2022/23.

  • Donated over £1 million to local causes in community initiatives.


  • Structural Insights:

  • Owned by Manchester City Council (35.5%), IFM Global Infrastructure Fund (35.5%), and nine Greater Manchester local authorities (29%).


Areas Lacking Information



  • Foundation Details: Specific founding date and founders' names.

  • Mission-specific Metrics: Quantitative achievements towards stated missions like becoming the number one choice for travelers.

  • Specific Recent Product Launches: Detailed information about any new products or features launched recently.


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