One of the Manx air entry points to London, the City Airport, is to be sold to a consortium led by US insurer AIG for an undisclosed sum.
The Docklands airport, opened in 1987, was put up for sale by its Irish owner Dermot Desmond in May, with reports suggesting it could be sold for ?750m.
GE Infrastructure - part of industrial giant GE - and investment bank Credit Suisse are also backing the deal, which must be approved by EU regulators.
Nearly two million passengers used the airport last year. EuroManx and VLM have services to the Docklands site from Ronaldsway.
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