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"Passenger numbers are directly related to the state of the economy," Sir Peter added. "If the economy is on the rise then more people will fly for business or for leisure.

´╗┐Airport's new owners to invest in flight routes

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As people clawed back their spend on holidays abroad, passenger numbers were sent into a tailspin, falling from 575,000 in 2008/09 to 404,000 in 2010, while its turnover also dropped from to then, the airport has emerged from the worst of the turbulence and recovered some lost ground. Last year it notched a 17pc growth in passenger traffic to 463,401 a D Rose 7 Black History

The RCA which owns and operates Coventry and Exeter Airports said the government had "given short shrift" to regional airport's across the country as some experienced their worst spell in aviation history.

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"We will also be buying fuel and services collectively for all our airports to instil best practise.

However, some will argue that the new owners have already missed a golden opportunity to rekindle lost relationships with passengers by keeping the development charge a tax still deemed Adidas Climacool Trainers Womens Pink

But it believes Norwich airport will benefit financially as part of a wider group by accessing its investment pot and using Adidas Boost Yzy its buying power to make efficiency savings.

"Regional airports will have more strength in future if they are part of a group rather than being an individual organisation," Sir Peter said.

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"We have a capability in the RCA to employ the sort of people who can maintain that constant dialogue with the airlines to encourage them to do deals and implement those new routes."

sign of improvement on the long road ahead.

AnalysisFew would envy the challenge faced by the top bosses at Norwich International Airport when the recession first began to bite.

But such efficiency savings will not come overnight, and they can only be considered as good as the investment that is being driven back into the airport to make the it more cost effective for passengers.

The buy out deal will also ensure investment is in place for future projects, including the ambitious plans to create an Aviation Academy to train apprentices, and an Aeropark providing an aeroplane painting service.

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"Across our businesses we are seeing a 10pc improvement year on year. But that growth needs to be stimulated by dialogue and actions with the airlines to put more routes into Norwich and more routes means more passengers.

He began in 1975 when he launched Specialist Computer Centres (SCC) on the back cash investment, before steering the company through 30 years of growth. The business recorded a turnover in March 2012.

It is these signs of growth that will have made it an attractive acquisition for The Rigby Group at a time when the economy is starting to strengthen.

The approach comes after the Sir Peter's company swooped for Coventry Airport in 2010 and Exeter International Airport last year as additions to the management contracts it has for Blackpool International Airport and City of Derry Airport.

Sir Peter RigbyWidely regarded as a doyen of the technology sector, Sir Peter Rigby spent 40 years nurturing a computer start up business into one of the biggest privately owned organisations in the UK.

In 2002, Peter Rigby was knighted for his contribution to IT and business in the Midlands.

"And we are in a position to invest as a very successful privately owned business.

claiming the 10 charge was crucial to making the airport run profitability.

Building blocks for the sale were put in place six months ago when Omniport approached The Rigby Group in the hope of striking a deal.

Sir Peter Rigby of the Rigby Group, who are the new owners of Norwich Airport. Picture: Denise Bradley

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"What we can bring to the table is more expertise in areas that small airports can't afford to employ, from retailing to airport runways and air traffic control systems.

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But he has ruled out scrapping the airport's controversial travel tax on passengers Adidas Climacool 1 Base Green

It is understood that The Rigby Group will now own 80pc of Norwich International Airport, with Norfolk Country County Council holding 12pc and Norwich City Council 8pc.

Not afraid to branch out into a variety of sectors, The Rigby Group has grown through acquisition to gain a significant foothold in a range of markets from airports to hotels, real estate, financial and aviation.

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Self made billionaire Sir Peter Rigby has bought the transport hub from regional airport operator Omniport in an undisclosed deal that will see Norfolk County Council and Norwich City Council hang onto their stakes in the business.

Sir Peter said the takeover by his technology, hotel and aviation company The Rigby Group would protect 650 jobs while channelling fresh investment into the airport to expand its flight networks across the UK and abroad.

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Yet it is hard to argue The Rigby Group are not talking good business sense when they champion the benefits the airport can enjoy from being part of a wider group. The might of group buying will certainly ease the pressure on its bottom line when it comes to services and fuel.

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