London City Airport - a marketable proposition?
Amidst the turmoil surrounding the sale of London Gatwick Airport last year and the Oct-2010 Court of Appeal ruling that confirms the sale of Stansted Airport, it is often overlooked that Greater London and the southeast of England is home to at least seven commercial airports serving the catchment area. One of them, London City Airport – LCY - (the only one actually within London) has been arguably the most successful in recent years in terms of passenger traffic growth. There is a suggestion that it could be sold off in 2011 by its majority owner GIP, which now has London Gatwick airport in its portfolio as a competitor to London Heathrow. What benefits might LCY offer to an investor now?
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