London City Airport has been acquired by a consortium comprising AIG Financial Products, a subsidiary of American International Group, and Global Infrastructure Partners, a joint venture between Credit Suisse and GE Infrastructure. Dermot Desmond, the Irish billionaire who bought the loss-making airport in the London Docklands for £14.5 million ($27 million) in 1995, announced his intention to sell the airport earlier this year. Last month he said he would sell LCY, which handled 2 ...

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