Richard Branson to Buy Gatwick
Going Like Sixty — September 18, 2008 — Eco
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.
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.
Trend Themes
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Airport Ownership Changes — Entrepreneurs could capitalize on airport ownership changes to acquire airport properties and enter the airport industry.
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Increased Airport Competition — Companies could capitalize on increased airport competition to offer better services and prices, and to push innovation in the airport industry.
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New Airport Investment Opportunities — Investors could capitalize on new airport investment opportunities resulting from airport ownership changes and increasing airport competition.
Industry Implications
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Airport Industry — Entrepreneurs could enter the airport industry to offer innovative airport services and to acquire airport properties.
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Investment Industry — Investors could capitalize on new airport investment opportunities resulting from airport ownership changes and increasing airport competition.
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Airline Industry — Airlines could capitalize on increased airport competition to offer better prices and services, and to collaborate with airport entrepreneurs for innovation in the airport industry.
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