LFV Group

Six Airports for Sale

The recession has hit airlines hard, and now even Sweden's major airport operator is showing signs of pain.

The state-run LFV Group says it is planning to sell off six airports. LFV, which is responsible for air navigation services in Sweden, runs 16 airports in Sweden, including Stockholm Arlanda. But the airports eyed for sell off are all in smaller towns in the centre or north of the country.

The plans also include dividing up the LFV Group into two - one to run air traffic and the other to run the remaining ten airports. This plan is in response to the 13% fall in passenger numbers this year. LGF Group's profits in 2009 have been less than a third of last year's.