BAA announces the sale of Gatwick Airport

Finally, more than a year after BAA announced that it was putting Gatwick airport up for sale, the airport operator has revealed that it has agreed the sale of the UK’s second busiest airport to Global Infrastructure Partners, which already owns London City Airport.

The sale, which is expected to complete on 3 December 2009, will see the airport change hands for £1.51 billion (approximately 1.657 billion euros).

The Gatwick sale is subject to approval by the European competition authorities and the completion of a 15-day public consultation process at the instances of the UK Competition Commission.

It will be interesting to see what this means for the airport, its workers and those living in the surrounding areas. What do you think? Will we see more pressure to expand the airport to compete with Heathrow? Let’s have your views in the comments section, we’d love to hear them.

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