The London airport on the doorstep of the City beloved by corporate executives is to be put up for sale as its US owners look to capitalise from the soaring global demand for air travel.
Global Infrastructure Partners, the US fund that also has stakes in London Gatwick and Edinburgh airports, has decided to sell London City airport, which it has owned since 2006. The group said it was in the process of appointing advisers with the aim of selling the airport this year. People familiar with the business suggest it could fetch as much as £2bn.
READ MORE: London’s City airport up for sale – FT.com (SUBSCRIPTION)