Macquarie Infrastructure and Real Assets (MIRA), which also owns U.S.-based FBO group Atlantic Aviation, has purchased privately owned and operated dedicated business aviation hub TAG Farnborough Airport in the UK. It's hard to overstate the importance of Farnborough. The London-area airport, which saw a record 30,729 aircraft movements last year, is home to 260,000 sq ft of climate-controlled hangar space, more than one million sq ft of ramp, a three-story 52,000-sq-ft terminal which has held the top score for non-North American FBOs on AIN's annual FBO survey for more than a decade, and a hotel. Movements are expected to surpass 32,000 in 2019, which could push the annual passenger figures past 100,000 for the first time. With a maximum of 50,000 movements a year negotiated with the local governments, the airport's traffic still has considerable room to grown.
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