In response to a ruling by the UK Competition Commission (CC), airport operator BAA has agreed to the sale of Edinburgh Airport (EDI) to Global Infrastructure Partners (GIP) for £807.2 million ($1.3 billion). The sale is expected to close by the end of May. GIP, an independent infrastructure fund manager, already owns a 75% interest in London City Airport (LCY) and a 42% controlling stake in London Gatwick Airport (LGW). A 2009 report by the CC concluded that BAA should be ...

Subscribe to Access this Entire Article

"Printer-friendly" 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? ATWPlus@penton.com.