Sponsored by
Branson eyes bid for £2bn Gatwick
VIRGIN Atlantic, Sir Richard Branson's airline, yesterday confirmed its interest in bidding for Gatwick airport as part of a consortium.
The group has reportedly held talks with several possible partners in relation to Gatwick, which could be sold after the Competition Commission told owner BAA it may have to offload three of its UK airports. It has been suggested that Gatwick, the UK's second-largest airport, could fetch more than 2 billion at auction.
The Competition Commission proposed in a preliminary report that BAA divest itself of two of its three London airports. The competition watchdog made it clear that it was unlikely to require Heathrow to be sold, which could leave Gatwick and Stansted on the sale block.
It also recommended Spanish-owned BAA lose control of either Edinburgh or Glasgow airport, but a final report is not due until the end of the year.
Virgin is part of the public-private partnership that runs the National Air Traffic Services.
Email to a friend
Print this page- Scottish independence: I don’t want ‘separatism’ says Sir Tom Farmer
- Mystery after body discovered near West Highland Way
- The Rumour Mill: Monday’s football news and gossip
- Leveson inquiry: Tony Blair defends links with Rupert Murdoch
- Abu Qatada case stalls again but Olympics mean he must stay in prison
- Scottish independence: I don’t want ‘separatism’ says Sir Tom Farmer
- Jim McColl may back Scottish independence if third option omitted
- The Rumour Mill: Monday’s football news and gossip
- Rangers takeover: CVA bid ‘on track’ as date is set for 14 June
- Craig Levein insists Scotland will recover from US thrashing
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Tuesday 29 May 2012
Today
Light rain
Temperature: 10 C to 16 C
Wind Speed: 10 mph
Wind direction: North
Tomorrow
Cloudy
Temperature: 9 C to 15 C
Wind Speed: 10 mph
Wind direction: North east
