Thursday, September 18, 2008

Gatwick Airport for sale

BAA has announced plans to sell London's Gatwick Airport the second largest and busiest airport in the United Kingdom after Heathrow.
Following antitrust regulations, BBA Ltd who also owned Heathrow has planned to sell Gatwick airport for a reported $5.4 billion.

Sir Richard Branson, billionaire tycoon founder of the Virgin Group ( Virgin Atlantic and Virgin Mobile) with an estimated fortune of $ 2.8 Billion is one of many bidders for the airport which handled 35 Million passengers in 2007.
Gatwick is the sixth largest airport in Europe.
The London Telegraph reports Branson's partners are said to include Dubai's Royal Family.

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