BAA may sell Gatwick in next few days

10/17/2009 10:28:47 AM

BAA Limited, the UK airport operator owned by Spain's Grupo Ferrovial, could sell Gatwick Airport "within the next few days" to an investment fund, Dow Jones reported.   According to a report in the Sunday Times the new owner and operator of the airport will be Global Infrastructure Partners (GIP), a joint venture between investment bank Credit Suisse Group and US conglomerate General Electric. GIP owns and runs London City airport.   The two sides have been in talks since last year, when BAA put Gatwick up for auction ahead of a Competition Commission ruling that would have forced it to sell Gatwick and other airports.   Cargonews Asia

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