20 April 2011 Last updated at 19:37 ET

Coventry Airport investment 'will create 10,000 jobs'

Coventry Airport in 2009 The airport was used by private jets before it was closed in 2009

More than 10,000 jobs could be created in the West Midlands as part of the redevelopment of Coventry Airport, its new owner says.

Sir Peter Rigby has announced plans to invest £250m into the airport in Baginton to help develop a business park on the site.

Financial problems forced previous owners West Midlands International Airport to close it in December 2009.

It had operated as a cargo terminal and a base for private jets.

Passenger airline Thomsonfly stopped outbound flights from the airport in November 2008 after plans for a new terminal were rejected following a public inquiry.

The inquiry found an extra terminal would cause too much noise.

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