Passenger Terminal Today.com
The daily portal for the latest airport passenger terminal news and views
   Sort by: relevance most recent



NEWS >>

US owners to sell London City Airport

Left: Design rendering of London City Airport's £200m (US$310m) development plan

 

US-based private equity firm Global Infrastructure Partners (GIP) has announced its intentions to sell London City Airport in the UK. The firm has owned the airport since 2006 and also holds stakes in London Gatwick and Edinburgh airports.

GIP purchased London City Airport for an estimated £750m (US$1.16bn) in 2006 from Irish financier Dermot Desmond, who paid just £23.5m (US$36.4m) for the airport in 1995 from UK construction group Mowlem. The group said it was now in the process of appointing advisers with the aim of selling the airport this year.

According to a report by the Financial Times, Michael McGhee, director for transport at GIP, unveiled the news during an interview claiming that the market conditions were favorable to sell. The report also stated that the airport could fetch as much as £2bn (US$3.1bn), although this figure could be less after London mayor Boris Johnson quashed a £200m (US$310m) development plan earlier this year.

To read more from the report by the Financial Times click here

August 6, 2015





RECEIVE THE
LATEST NEWS


Your email address:



Monthly Poll >>

What is the biggest challenge facing the African aviation sector today?

SUPPLIER SPOTLIGHT

Click here for listings and information on leading suppliers covering all aspects of the passenger terminal industry. Want to see your company included? Email Damien de Roche.

View all suppliers >>

Passenger Terminal World >>

Read latest issueNEW DIGITAL EDITION:
Passenger Terminal World January 2018 is now online.

Read now.


More Information>>

Railway Terminal World >>

Read latest issueNEW DIGITAL EDITION: From the publishers of Passenger Terminal World, the only magazine dedicated to railway terminal and station design and technologies.


Read the free digital edition >>


TV >>

iGA releases video showcasing Istanbul New Airport

Watch Now >>

Annual Showcase 2018 >>

Read latest issueNEW DIGITAL EDITION:

Passenger Terminal World Showcase 2018 is now online.

Read now.


More Information >>