Maybe the knockdown price of around $4bn for London's Gatwick airport will prove too tempting to resist. In fact, any would-be investors could end up being spoiled for choice. Because in addition to Gatwick, London's Stansted airport could soon be on the market in what will prove to be a remarkable fire sale.
The trigger for this unprecedented event is the declaration by the United Kingdom's Competition Commission that airport operator BAA should divest itself of two of the three London gateways that it owns and operates. BAA has been accused of holding a monopoly position in the market that has served to inhibit competition and restrict development--not least for cargo.
It is obvious that BAA will not let go of its prize asset of London Heathrow, which leaves it with little choice but to sell off London Gatwick and London Stansted airports.
Source: Air Cargo World
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