Ownership of the airport has changed a number of times over the years. The airport was wholly owned by Blackpool Borough Council until 2004, when it was sold to a consortium led by Wolverhampton Airport operators City Hopper Ltd (CHAL), who operated it until May 2008 when Balfour Beatty purchased MAR Property's 95% stake. Blackpool Borough Council retained 5%. During 2014 Balfour Beatty claimed to be looking for a buyer for the airport, and then after just one month announced that it was to close the Airport. On 15 October 2014, the airport's terminal and Air Traffic Control provision was closed, with the last scheduled flights to Dublin and the Isle of Man leaving in the late afternoon. In November 2014, the former company formed a new company, called Squires Gate Airport Operations Ltd, and the airport reopened once again in December 2014 for non-commercial operations.