Part owner of London City Airport sells off 50pct stake - Racks up a quick profit on the deal

The under-pressure American International Group (AIG) – the world’s largest insurer - has agreed to sell a 50% stake in London City Airport (LCY) to its joint venture partner, Global Infrastructure Partners (GIP). GIP and AIG Financial Products Corporation paid just under GBP750 million for the airport in Dec-06. The airport’s passenger numbers have increased significantly and profits have almost doubled since Dec-06.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,067 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.