US-based Global Infrastructure Partners (GIP) and its co-shareholders have passed control of London Gatwick Airport to French company Vinci Airports. GIP and fellow-shareholders announced Dec. 27 that they had sold 50.01% of shares in the facility to the airport development and operations specialists for £2.9 billion ($3.7 billion); the current management team will stay in place following the transaction, which is expected to close by the end of the 2019 second quarter. Gatwick is ...

Subscribe to Access this Entire Article

"Gatwick owners sell majority stake to French company" 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.