Dear All,
Sorry, another snippet from Airport Watch
Sorry, another snippet from Airport Watch
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London City Airport expected to be sold by GIP later this year or 2013
The Chief Executive of London City Airport, Declan Collier, has been asked
to review the options
for selling the airport. About 60% of its passengers are on business trips,
so the airport is seen as of
value to the City. However, the local residents in the area, some living
very close to the airport and
under its flight paths, derive little benefit from the airport and suffer
its adverse impacts. This
comes at a time of unprecedented upheaval for the airport industry.
Edinburgh is up for sale,
Stansted could be soon. At present it is unlikely to sell for much more than
the 750m, but in a
buoyant market, its owners GIP and the current minority stake partner
Highstar Capital could
expect as much as 1.25bn. 23rd January.
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John McNeill
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London City Airport expected to be sold by GIP later this year or 2013
The Chief Executive of London City Airport, Declan Collier, has been asked
to review the options
for selling the airport. About 60% of its passengers are on business trips,
so the airport is seen as of
value to the City. However, the local residents in the area, some living
very close to the airport and
under its flight paths, derive little benefit from the airport and suffer
its adverse impacts. This
comes at a time of unprecedented upheaval for the airport industry.
Edinburgh is up for sale,
Stansted could be soon. At present it is unlikely to sell for much more than
the 750m, but in a
buoyant market, its owners GIP and the current minority stake partner
Highstar Capital could
expect as much as 1.25bn. 23rd January.
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John McNeill