Canadian pension fund said to be in talks with minority shareholders as it seeks to cash in on post-Covid revival

Birmingham, Bristol and London City airports have reportedly been put up for sale by their Canadian pension fund owner as it looks to cash in on a resurgence in air travel after the pandemic.

The Ontario Teachers’ Pension Plan (OTPP) is said to be in talks over a potential sale of its stakes in the UK airports to minority shareholders. The portfolio, which also includes Copenhagen and Brussels airports, is estimated to be worth more than £10bn.