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Abu Dhabi acquires 15% stake in Gatwick for £125m

Abu Dhabi acquires 15% stake in Gatwick for £125m

5 February 2010 Airline News

Abu Dhabi Investment Authority is to buy a 15 per cent stake in Gatwick Airport for £125 million. The purchase by the world’s largest sovereign wealth fund comes in the same week as South Korea’s National Pension Service bought a 12 per cent stake in the UK’s second largest airport for £100 million.

South Koreans take 12 per cent stake in Gatwick for £100m

South Koreans take 12 per cent stake in Gatwick for £100m

2 February 2010 Airline News

South Korea’s National Pension Service is to take a 12 per cent stake in Gatwick airport, worth about £100 million. The deal could be completed as early as next week and comes as part of a sweeping international expansion programme by the world’s fifth biggest pension fund.

Snow causes more travel chaos

Snow causes more travel chaos

13 January 2010 Airline News

Snow continued to fall across the UK creating fresh chaos for travellers and closing Gatwick Airport for the second time in a week. Heathrow is currently open but airport operator BAA is warning of cancellations and delays due to the weather. Birmingham Airport and Cardiff Airport were also closed but both have now reopened but warned of severe delays and cancellations.

Travel chaos continues

Travel chaos continues

A number of UK airports remain closed due to the adverse weather conditions which are affecting the entire country. Gatwick, Bristol, Exeter and Blackpool all remain closed as snow is cleared from runways.

New Gatwick owner to eliminate queues

New Gatwick owner to eliminate queues

30 November 2009 Airline News

The new owner of Gatwick has earmarked the elimination of long check-in and security queues as a top priority upon taking control of Britain’s second largest airport this week. The investment fund Global Infrastructure Partners is expected to close the £1.5bn deal by the end of this week, subject to European Commission approval.

Gatwick sale set for this week

Gatwick sale set for this week

12 October 2009 Airline News

Gatwick Airport could be in the hands of a new owner this week, as BAA moves closer to closing a deal with Global Infrastructure Partners, a joint venture between Credit Suisse and General Electric for an estimated £1.6 billion.

Premier Inn set to open new airport hotels

Premier Inn set to open new airport hotels

14 September 2009 Airline News Hotel News

Premier Inn will be opening four new hotels at London’s main airports from Autumn 2011. The budget hotel chain will open two hotels at Heathrow and one at Gatwick and one at Stansted, creating a total of 1,570 new rooms. Premier Inn is spending more than £125 million on the developments.

Air Malta boosts Gatwick service

24 June 2009 Press Release Airline News

Air Malta is increasing capacity on its London Gatwick - Malta route this winter, with 2 flights per week during the months of November and March. This means that instead of a daily service to London Gatwick, Air Malta will operate 9 weekly flights.