Global Infrastructure Partners is putting London’s City Airport up for sale. GIP bought the airport for £750m in 2006 and is reportedly seeking a sale price of £2bn. City Airport’s value could be reduced, however, by GIP’s ongoing battle to expand facilities to allow it to handle over six million passengers by 2023. The plans were originally granted planning permission by Newham Council but were then blocked by London mayor Boris Johnson over noise concerns. The...
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