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Billion-Dollar Airport Deals Edit
Richard Branson to Buy Gatwick

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Richard Branson to Buy Gatwick

Richard Branson, the founder of Virgin Group (Virgin Atlantic Airlines), is moving to buy London’s Gatwick Airport.

Currently, BAA Ltd. owns Gatwick and Heathrow. The Competition Commission, a government entity, recommended BAA sell Gatwick in order to promote more market competition. Its asking price is $5.4 billion.

Richard Branson can’t swing the deal alone because he is only worth $2.8 billion, so he’s looking to the Saudi royalty to go in on the deal with him.

Filed In:  business,  eco,  leaders,  new ventures,  pop culture

Sep 18, 08 - 2,260 Views







Reactions
THREE WAYS TO REACT: vote, favorite or comment about Billion-Dollar Airport Deals.

rocketranger on Sep 19, 08  0 Trends   2,582 Comments
Radical move, wow. an airline owns an airport, now that can change air travel. Or can it?
rocketranger on Sep 19, 08  0 Trends   2,582 Comments 0


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