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BAA sells Gatwick Airport

22nd October 2009 Aiport operator BAA has sold Gatwick Airport to Global Infrastructure Partners, the owners of London City airport, for £1.51 billion.

Colin Matthews, BAA's Chief Executive, said: "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.

"BAA is changing and today's announcement marks a new beginning for both Gatwick and BAA. We wish Gatwick well for the future and are confident that the airport will flourish under new ownership.

"BAA will focus on improving Heathrow and our other airports."

The sale follows the Competition Commission report last year that recommended BAA sell two of its three London airports.

BAA has also been ordered to sell Stansted and either Glasgow or Edinburgh, but it is appealing against the decision.

Further info: BAA

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