London City airport owner set for sky-high profit from sale

London City airport owner set for sky-high profit from sale

Global Infrastructure Partners, the private equity owner of London City airport, could make a profit of more than £1bn from the sale

The private equity owner of London City airport is set to pocket a profit of more than £1bn after putting the fast-growing facility up for sale.

Global Infrastructure Partners, which bought the east London airport from Irish businessman Dermot Desmond for £750m in 2006, has decided to sell its 75% stake. City is GIP’s longest-held asset.

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Source: Guardian Transport

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