Liquidators have been appointed to the defunct Blackpool Airport, after the site failed to secure a buyer.
The airport closed on 15 October as its final flight departed, with approximately 100 staff being made redundant.
Blackpool Airport Limited (BAL) had been trading at a loss for “a number of years” and was wholly reliant on Balfour Beatty plc for funding.
Despite efforts to secure a buyer for the airport, no “suitable offers” were made and liquidators were appointed.
Nick Cropper, Alastair Beveridge and Catherine Williamson of Zolfo Cooper were appointed as liquidators of the company on 16 October.
Nick Cropper, partner at Zolfo Cooper, said: “It is with regret that we have had to close the business.
“The company’s business model relied on reaching approximately 500,000 passengers per annum to achieve break-even. However, as a result of the global economic downturn, competition from other airports in North West England and the loss of a key customer, these numbers have not been achieved and have remained at or around 250,000 per annum.
“We have worked hard alongside the management team to try to find a buyer for the business, but sadly no credible offers have been received.”