{"id":5813,"date":"2018-12-27T08:39:03","date_gmt":"2018-12-27T08:39:03","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/gatwick-airport-majority-stake-sold-to-french-firm\/"},"modified":"2018-12-27T08:39:03","modified_gmt":"2018-12-27T08:39:03","slug":"gatwick-airport-majority-stake-sold-to-french-firm","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/gatwick-airport-majority-stake-sold-to-french-firm\/","title":{"rendered":"Gatwick Airport: Majority stake sold to French firm"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Gatwick welcome sign\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/156F3\/production\/_104959778_gettyimages-1085241812.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Google<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">A majority stake in Gatwick Airport is to be sold to French operator Vinci Airports for \u00a32.9bn. <\/p>\n<p>Vinci Airports, part of infrastructure group Vinci, will buy 50.01% of the UK&#8217;s second-busiest airport. <\/p>\n<p>The other 49.99% will be managed by current owners Global Infrastructure Partners (GIP).<\/p>\n<p>The airport was closed in the run-up to Christmas after <a href=\"https:\/\/www.bbc.co.uk\/news\/uk-england-46654797?intlink_from_url=https:\/\/www.bbc.co.uk\/news\/localnews\/6296598-gatwick%20airport\/0&amp;#38;link_location=live-reporting-story\" class=\"story-body__link\">reports of drone sightings<\/a>, in what is thought to be the most disruptive incident of its kind.<\/p>\n<p>Flights were grounded and about 140,000 passengers affected over three days during the incident.<\/p>\n<p>In 2016, Gatwick&#8217;s expansion plans were <a href=\"https:\/\/www.bbc.co.uk\/news\/business-37760187\" class=\"story-body__link\">dealt a blow<\/a> when the government rejected its proposal for a new second runway while giving the go-ahead for Heathrow to build a third runway.<\/p>\n<p>Gatwick was acquired by a GIP-led consortium in 2009.<\/p>\n<p>More than 45 million passengers travel through Gatwick each year, flying to 230 destinations in 70 countries, according to <a href=\"https:\/\/www.gatwickairport.com\/business-community\/about-gatwick\/company-information\/gatwick-by-numbers\/\" class=\"story-body__link-external\">its website<\/a>.<\/p>\n<p>The deal would make Gatwick the largest airport in Vinci&#8217;s network.<\/p>\n<p>US-based GIP said it expects the transaction to be completed &#8220;by the middle of next year&#8221;, with the senior leadership team remaining in place.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46691846\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Google A majority stake in Gatwick Airport is to be sold to French operator Vinci Airports for \u00a32.9bn. Vinci Airports, part of infrastructure group Vinci, will buy 50.01% of the UK&#8217;s second-busiest airport. The other 49.99% will be managed by current owners Global Infrastructure Partners (GIP). The airport was closed in the run-up &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5813"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5814"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}