Cardiff International Airport

TBI PLC
3 July 2002


FOR IMMEDIATE RELEASE     3 July 2002



                                    TBI plc

       Cardiff International Airport confirmed as new UK base for bmibaby
        One million extra passengers a year through Cardiff International



TBI plc, the owner and operator of regional airports announces that Cardiff
International Airport, has been named as the latest base for the UK's fastest
growing low cost airline, bmibaby.  The airline announced two months ago that
following the launch and success of bmibaby at East Midlands Airport in the
Midlands, it was looking to establish another UK base.

The selection of Cardiff follows an intense period of review covering a wide
range of options. The airline has now entered into a period of detailed
negotiations with Cardiff International Airport, in order to formalise an
agreement.  bmibaby initially intends to base at least two Boeing 737 aircraft
at the airport this winter, and details of the destinations to be served will be
announced later this month when seats go on sale from the new base.  bmibaby
would become the airport's biggest customer with an expected one million
passengers a year being carried by the airline through the new base. For the
year ended 31 March 2002 1.5 million passengers travelled through Cardiff
International.

This will be the first low cost airline base in Wales and will create an
additional 100 new airline jobs through the airport.

Commenting on today's announcement, Keith Brooks, Chief Executive of TBI plc
said,

'I am delighted that bmibaby has selected Cardiff International Airport to be
the next base for the airline.  There was clearly strong competition from other
UK airports to win the award of this base, as the commercial potential is
significant.  Cardiff's absence of operating restrictions, its capacity to
accommodate the potential one million plus passengers this generates and access
to a growing and economically developing market, were all key factors in the
case put to the airline.  This is a significant step forward for both Cardiff
International Airport and TBI plc.'

For further information, please contact:
Enquiries:
TBI                                                    020 7408 7300
Keith Brooks/ Caroline Price

Buchanan Communications                                020 7466 5000
Charles Ryland / Nicola Cronk

bmibaby                                                01332 854687
Claire Allen / Rashana Sweidan





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