Airport News

Branson 'could put in bid for London Gatwick Airport'

Tue, 02 Sep, 2008

The owner of Virgin Atlantic Richard Branson could put in a bid to buy London Gatwick airport if it was put up for sale, it has been reported.

According to the Telegraph, the billionaire may consider buying the airport, Britain's second-biggest hub, as part of a consortium.

"We are open to being courted by anyone who is interested in bidding," the newspaper quoted Mr Branson as saying.

It is thought that the bid could be up to £2 billion and the newspaper claims he has held talks with several partners, including the Dubai royal family.

The airport is not yet for sale and a final report from the Competition Commission on the UK airports industry is not expected until February 2009.

Virgin Atlantic operates long-haul routes from its main bases at London Heathrow airport and London Gatwick airport.

It also has a smaller base at Manchester airport.

Meanwhile, London Gatwick handles approximately 34 million passengers a year.

Joe Evans

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