KIRKLEES Council has landed £8.5m from the sale of Leeds/Bradford International Airport.
The airport at Yeadon has been sold by its five council owners to a European private equity firm for £145.5m.
The sale to Bridgepoint follows a decision by the five major West Yorkshire councils - Kirklees, Leeds, Bradford, Wakefield and Calderdale - to sell all the share capital in the airport.
Kirklees had just over 6.5% of the shares, giving it about £8.5m from the sale.
Council leader Clr Robert Light said the cash would be used to pay for the three-year Warms Zone Plus scheme.
This provides central heating and loft and cavity wall insulation for thousands of households across the district.
Clr Light said: "We have included it in our budget plans."
The airport's new owners have promised to invest £70m in developing it and to double passenger capacity to 7m by 2015.
Sir Graham Hall, who will become airport chairman, said: "Work can now begin on taking our airport up a league in every sense.
"It is a key asset for our region and we want to build on its recent success and consolidate its role as the dominant international airport serving Yorkshire and Humberside."
Adrian Williams, a director at Bridgepoint, said: "We have a clear vision for the future success of the airport, a future which will deliver benefits for everyone who uses it.
"Our aim is that the airport will be one of which the staff and the region will be justifiably proud."
Leeds and Bradford councils each owned 40% of the airport, with the remainder split equally between Kirklees, Wakefield and Calderdale.
Although the councils will have no financial stake in the airport they retain a `special share' to protect the name of the airport and to ensure its continued operation as an international airport.
Bridgepoint has invested in airports in the past.
In 1997 it became the largest private investor in Birmingham International Airport as part of a financing programme to pay for new development there.
It sold its stake in December, 2001, having increased international connections by 70%, traffic by 40% and overseeing £200m of investment.
Leeds/Bradford was put up for sale last November and Bridgepoint was named preferred bidder at the start of last month.