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Spain sells 'ghost airport' Ciudad Real for $62 million

Staff writer |
Spanish judicial authorities revealed that the "ghost airport" of Ciudad Real had been sold off for 56 million euros ($62 million).

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Spain's construction and property sectors boomed until the downturn hit seven years ago and one victim was the airport, initially touted as an alternative international airport to Madrid's Barajas, AFP repors.

Located around 240km (150 miles) south of the capital, however, the idea never took off.

Ciudad Real cost around a billion euros and opened in 2008 with putative capacity of 2.5 million passengers per year. But a wholesale lack of flights saw it go bankrupt in 2010 and close in 2012.

A bankruptcy auction last year attracted scant interest and finally the facility has been sold off for 56.2 million euros to an enterprise the regional court at Castilla La Mancha named as CR International.

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