Billion-Dollar Airport Deals - Richard Branson to Buy Gatwick (VIDEO)

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Going Like Sixty
On: Sep 18, 08
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Billion-Dollar Airport Deals [Edit]

Richard Branson to Buy Gatwick






Billion-Dollar Airport Deals - Richard Branson to Buy Gatwick (VIDEO) 713 Views - Click for Larger Image

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.

Source: telegraph   Via: luxist  






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Comments:


Radical move, wow. an airline owns an airport, now that can change air travel. Or can it?

By: rocketranger on Sep 18, 08 | 0 Trends | 2,554 Comments



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