Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

BAA sells Gatwick for GBP 1.5bn

22nd October 2009

Gatwick Airport is to be sold in December for GBP 1.51 billion to help pay off the debts of operator BAA.

The buyer is US-based investment fund Global Infrastructure Partners, which owns London City Airport.

The deal sees Gatwick sold for slightly less than BAA's most recent valuation of GBP 1.575 billion.

Colin Matthews, BAA's chief executive, commented: 'Gatwick and its people have long been a central part of BAA and we are proud of the airport's development as one of the world's leading international airports.'

He said the deal represents a 'new beginning' for Gatwick and BAA, adding that the airport operator will now focus its attention on Heathrow and its other UK airports.

Last month, Heathrow captured the attention of the literary world when Alain de Botton followed his stint as a writer-in-residence with readings from his most recent book A Week at the Airport: A Heathrow Diary.

Latest Blog
#FoylesFave: Dunkirk
21/07/2017

This month history buffs and film fans are united as they eagerly await Christopher Nolan's portrayal of Dunkirk. Madga from our Birmingham branch reviews the accompanying book.

#FoylesFave: Theft by Finding
19/07/2017

Meg from our web team discusses her love for all things Sedaris as his first volume of diaries is published.

Marian Veevers on Why No Woman is Simply a Product of the Time in which She Lives
18/07/2017

On the 200th anniversary of Jane Austen's death, Marian Veevers explains why no woman is simply a product of the time in which she lives.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd