UK airport company Heathrow Airport Holdings (formerly BAA) has agreed to sell its 100% interest in London Stansted Airport to Manchester Airports Group (MAG) for £1.5 billion ($2.4 billion) in cash. The deal is expected to close by the end of February. As part of the transaction, Australian investment management group Industry Funds Management (IFM) will take a 35.5% strategic stake in MAG. MAG is the largest UK-owned airport operator and is owned by the 10 local authorities of ...
"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.