Gatwick Airport Sold
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?