London City Airport ‘up for sale’
London City Airport could be sold by the end of this year, suggest reports.
News organisation Reuters claimed it had confirmation from two sources suggesting a price tag of £2 billion had been placed on the Docklands airport.
It said London City Airport’s owners have appointed Credit Suisse to advise them on a potential sale, but all parties have refused to comment.
London City is majority-owned by Global Infrastructure Partners, which also owns Gatwick and Edinburgh airports. It bought the Dockands airport in 2006 for £742 million and currently owns 75%. The remaining 25% is held by Oaktree Capital Management.
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