Superstar

Richard Branson to Buy Gatwick

By: Going Like Sixty - Published: Sep 18, 2008 • References: telegraph and luxist
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.