Gatwick Airport put up for sale

by Dave Keating | September 16, 2008 at 10:51 pm

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Following last month's ruling by the UK Competition Commission that BAA, which owns seven airports in the UK, would have to sell some of its holdings, BAA has announced that it is putting Gatwick, London's second-largest airport, up for sale.

The UK's second-largest airport, Gatwick, has been put up for sale by its owner BAA.

The move comes four weeks after the Competition Commission said BAA may have to sell three of its UK airports because of market dominance concerns.

Several firms are said to be interested in buying Gatwick, which has been valued at £1.8bn by regulators.

Potential bidders include Australian company MacQuarie, Germany's Fraport, and the owners of Manchester airport.