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MAG, Virgin, Goldman joint bid for Gatwick?

25-Nov-2008

Over the weekend of 22-23 November, media reports indicated that Virgin Atlantic’s consortium bid for London Gatwick Airport has been enhanced by teaming up with Manchester Airports Group (MAG) and possibly with Goldman Sachs’ investment fund. MAG has been unsuccessful in setting up its own consortium and sourcing financing. This development, if it comes off and is successful in a bid, could have implications for how long haul air service develops throughout the UK. [1069 words]

Unlock the following content in this report:

Subheadings:

  • easyJet insists it merely offers long-term commitment on capacity
  • Newspaper encourages northern entrepreneurs to set up their own airline
  • Goldman Sachs seems to have handled the economic crisis better than other investment banks
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