March 13 (Bloomberg) -- Madrid’s suspended its plan to build an airport for business jets and general aviation south of the city in El Alamo, a victim of budget cuts and demand forecasts, Cinco Dias reported, citing unidentified people.
The administration of regional President Esperanza Aguirre is closing Aeropuertos de Madrid, the government-owned company formed about four years ago that had completed construction design of the 180 million-euro ($235 million) facility, the newspaper said. Aguirre also has suspended plans for a new cargo airport in Campo Real, Cinco Dias said.
Fifty percent of the approximately 9,000 flights by executive jets in Spain last year came through the Madrid region, the report said, citing Jose Ramon Barriocanal, president of Aesave, a trade group for that industry.
The jets are currently using the T4 terminal in Madrid’s main airport, Barajas, and the military base of Torrejon de Ardoz, a division that causes “inconveniences and delays,” the report said.
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