London City Airport put up for sale


London City Airport’s owners Global Infrastructure Fund has put the airport up for sale.

According to a report in the UK Financial Times, the company has appointed an advisor for a potential sale that could be worth up to £2 billion.

Global Infrastructure Fund owns 75 percent of the airport. It purchased its stake in 2006 from Irish business man Dermot Desmond for £750million.

The remaining 25 percent is owned by Oaktree Capital, who are also looking to sell their stake.

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Nestled in London’s Docklands business district, London City Airport is a split use airline / business jet airport.

Although the airport’s main users are airlines, a small FBO is available for visiting business aircraft.

Business aircraft using the airport are limited by size, as the airport has a steep approach path and short runway.