The council owners of Gloucestershire Airport have confirmed it is being brought back to market, following its collapsed sale to their preferred bidder earlier this year.
Cheltenham Borough Council and Gloucester City Council have reappointed global real estate agent Savills to lead a renewed sales process for the airport and aviation hub, which was previously on the market with a guide price of £25 million.
The councils say the decision follows 'a number' of approaches from interested parties in recent weeks, with the owners in agreement that the long term interests of the airport remain best served by securing a new owner, 'who can deliver long-term investment and sustainable growth for the site'.
Leader of Cheltenham Borough Council, Rowena Hay, said: 'We are hopeful this renewed sale process will attract the right partner for the airport’s future, which remains our key priority. We will work with partners and stakeholders to update as the new sale process proceeds.'
The councils first put the Staverton airport up for sale in October 2024, saying a capital injection was needed to take the site to 'the next level'.
Horizon Aero Group – a joint venture between UK-based tech firm Vayu Aviation Services and Indian construction company Vensa Infrastructure, established specifically to bring forward a long-term vision for the airport – was revealed as the councils' preferred bidder in July 2025.
But, following an extended period of negotiations, the sale fell through in March 2026, with the councils unable to reach an agreement with the company after its terms moved 'significantly away' from the original proposal.
Jeremy Hilton, leader of Gloucester City Council, said of the renewed sale process: 'Gloucestershire Airport is a vital economic and aviation asset for our county and region and we must do our best for it.
'In recent weeks there has been considerable interest from potential investors in the airport and now is the right time to put the airport back on the market.
'This next phase gives us the opportunity to build on what we have learned and engage with investors who share our vision for growth and continued aviation at Staverton.'
