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.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: firstname.lastname@example.org