07 October 2009

What's a major airport worth?

Here's a breaking news item (on an e-mail news service) that caught our eye.  A major sophisticated investor is willing to pay $2.65 (B) billion for Gatwick Airport, one of the facilities that serves London.   What do you suppose an investor like this would pay for Sea-Tac Airport?  Would you buy stock in Sea-Tac Airport Holdings, Ltd?

------------------------------------------------------

GIP Group Nears Gatwick Airport Purchase Deal
------------------------------------------------------
October 7, 2009
A consortium led by Global Infrastructure Partners (GIP) is close to buying London's Gatwick Airport for up to EUR1.8 billion euros (USD$2.65 billion), sources familiar with the deal said on Wednesday.
Details: http://news.airwise.com/story/view/1254950516.html

No comments:

Post a Comment