A HUGE airport in central Spain that cost €1 billion to build has gone up for auction for just €100 million.
The airport has not received a commercial flight since 2011.
With a runway long enough to land an Airbus 380, the world’s largest airliner, and a capacity to handle 10 million passengers per year, the airport at Ciudad Real some 200km south of Madrid, has become a symbol of Spain’s real estate bubble.
Spain’s first private international airport operated its first flight in December 2008 but passenger traffic never took off and CR Aeropuertos, the operator of the terminal, went into bankruptcy in June 2012 with debts of around €300 million.
Bidding will close on December 27.