London Gatwick's sale by UK airports operator BAA is in doubt after the last remaining bidder reportedly refused to budge from its original £1.4 billion ($2.29 billion) offer. BAA parent Ferrovial apparently wanted £1.5 billion, but a consortium led by Manchester Airports Group and Canadian infrastructure fund Borealis declined to increase its bid, according to press reports. A second bidder, Global Infrastructure Partners, which owns about 75% of London City, reportedly dropped ...

Subscribe to Access this Entire Article

"Gatwick sale in jeopardy" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.