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BAA to sell Gatwick

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JF Mezei

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Sep 17, 2008, 2:01:47 AM9/17/08
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This is to be a developing story. No details yet. But BBC World has just
announced that BAA has announced it will sell Gatwick Airport. Estimated
valie 3.2 billion dollars.

Many interested parties, inclusing Macquary (australia) and Fraport
(germany) were mentioned.

Not long ago, there was a recommendation to breakup BAA, but this
process would have taken a year before the government would have forced
the breakup. I guess BAA now took this as a pre-emptive. Perhaps they
can get to keep Stanstead if they defuse the situation by letting go of
Gatwick before the governmnent would have ordered them to get rid of
both Gatwick and Stanstead.
.
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Roland Perry

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Sep 17, 2008, 4:25:32 AM9/17/08
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In message <b4175$48d09dde$cef8887a$21...@TEKSAVVY.COM>, at 02:01:47 on
Wed, 17 Sep 2008, JF Mezei <jfmezei...@vaxination.ca> remarked:

>This is to be a developing story. No details yet. But BBC World has just
>announced that BAA has announced it will sell Gatwick Airport. Estimated
>valie 3.2 billion dollars.
>
>Many interested parties, inclusing Macquary (australia) and Fraport
>(germany) were mentioned.
>
>Not long ago, there was a recommendation to breakup BAA, but this
>process would have taken a year before the government would have forced
>the breakup. I guess BAA now took this as a pre-emptive. Perhaps they
>can get to keep Stanstead if they defuse the situation by letting go of
>Gatwick before the governmnent would have ordered them to get rid of
>both Gatwick and Stanstead.

[On a train from Gatwick as I type]

I think it's simply a "good excuse" to sell. BAA's current owners
borrowed heavily to buy the company, and have been reported as badly
needing to reduce their liabilities.

Virgin Atlantic also mentioned as a possible buyer.

ps Stansted only has one "a".
--
Roland Perry

JF Mezei

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Sep 17, 2008, 6:05:01 AM9/17/08
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Roland Perry wrote:

> Virgin Atlantic also mentioned as a possible buyer.

Yep in a later broadcast, BBC interviewd the big cheese at Virgin. He
said that like NATS, it would work well if a group of airlines got
together to buy and operate the airport. Virgin would be interested in
doing that.
.

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