A DEVON airport is expected to be sold off to an investment group.

Investment firm ICG has agreed a deal with Rigby Group to purchase Exeter Airport, the BBC has reported.

The deal, reported to be worth £200m, also includes Bournemouth and Norwich airports.

BBC sources said leading business officials in the South West had been briefed about the sale ahead of an announcement expected on Monday.

Opened in 1937, Exeter Airport was among many used by the Royal Airforce during World War Two.

Devon County Council sold the airport to Regional and City Airports in 2007, before it was bought by Rigby Group in 2013.

The airport had operated as a base for Flybe before the company went bust in 2020.