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Gatwick Airport Sold

admin — Wed, 21 Oct 2009 15:25:12 +0000

The long-awaited news of the sale of London Gatwick Airport was announced today. BAA was told to sell the airport, and has now agreed a deal with Global Infrastructure Partners (GIP) for £1.5bn. GIP are also the majority owner of London City Airport.

The sale of the airport was ordered to counteract what was described as a lack of competition in the UK airports market, particularly in London where BAA held Gatwick, Heathrow and Stansted airports. This should bring much better choice and prices for passengers, with new airlines and routes likely to be announced.

The sale is still to be approved by the European Union – expected to be finalised in December.

For the enthusiast, the sale is likely to spice up the mix of operators flying into Gatwick, although details of this will only come as GIP take over and the new operation takes hold. It is highly unlikely we will see any official spotting locations return, but who knows?

BAA Forced to Sell More Airports

admin — Thu, 19 Mar 2009 11:37:08 +0000

It has been announced by the regulators that the British Airports Authority (BAA) must sell more airports.

It was already announced that London Gatwick will be sold. However, following this Stansted must be sold, and then either Edinburgh or Glasgow.

http://news.bbc.co.uk/1/hi/business/7951377.stm

Gatwick Airport For Sale

admin — Wed, 17 Sep 2008 12:12:06 +0000

After all the speculation, Gatwick has finally been put up for sale by the BAA. The price tag is estimated at £1.8bn.

BBC News story about the sale:
http://news.bbc.co.uk/1/hi/business/7620293.stm

With BAA out of the picture, might the new owner (which could be Fraport or Manchester’s owners) provide facilities for spotters once again?

Virgin Atlantic are also interested in buying Gatwick as part of a consortium.