Carlyle Seizes the Sky: London Southend Airport Gets a New Oversight
In a whirlwind deal, the private‑equity heavyweight Carlyle has swooped in to settle a massive £193.75 m debt owed by the current owner, Esken, and now owns a whopping 82.5% of London Southend Airport (LSA). Esken keeps a modest 17.5% stake.
What Went Down?
- Debt Settlement: Esken agreed to pay Carlyle’s Global Infrastructure Fund the debt, clearing a financial Gordian knot.
- New Ownership: Carlyle now holds the majority share, positioning them to steer LSA’s future.
- Peaceful Exit: Esken opted for an amicable resolution instead of a long, messy court battle.
Why It Matters for LSA
Carlyle’s involvement means new capital flow for the airport and a promise of stable, orderly management. Esken assured stakeholders that “the future funding of LSA is secure,” and the board will focus on smoothly winding down the rest of the group.
Esken’s Takeaway
While the restructuring process could take months, Esken believes this deal preserves LSA’s value and protects everyone’s interests—truly a win‑win solution.
Bottom Line
With Carlyle now at the helm, London Southend Airport’s skies are set for a more robust and possibly adventurous future. Upsides? More investment, fresh strategy, less courtroom drama. Downsides? None mentioned—just a lot of excitement.
