On Wednesday, the council’s cabinet heard a report detailing the timeframe for the council’s plan to procure a new investor to reopen the airport.
In March, the council agreed a 125-year lease of the airport site with Peel Group following a year of “detailed and complex negotiations”, it said.
The report shared investors submitted their bids detailing their plans to the council earlier this week.
An “intense period of evaluation” in which the council will identify the best proposal is now set to take place and is expected to conclude at the end of July.
The chosen investor will be informed in late July or early August, with an announcement due shortly afterwards.
