Gatwick Airport finally sold while BAA puts up a last stand to prevent the sales of other airports

After months of confusion surrounding sales and development at London's airports, Gatwick Airport was sold to Global Infrastructure Partners (GIP), just as BAA's appeal against the Competition Commission's (CC) order to sell the airport, as well as Stansted and one of the Scottish airports was being heard. The conclusion of this deal will be of great interest to governments seeking to sell airports across Europe (including those in Lisbon, Madrid and Prague) and possibly some in the US, after the financial crisis forced some to shelve privatisation plans, as asset values fell.