Speaking about the sale, Julian Kearsley, strategic director of business services at the town hall, who helped broker the deal, said: "The airport is a key element in terms of developing the new Blackpool. It is not as if the council has sold off the family silver and lost any role in this. We wish to see the terminal continue as an airport as part of our ambitious plans for revitalising the whole area. This deal will see more jobs, it will save the council money and it protects the employment of people already there."