London City Airport for sale

Thu, 06 Aug 2015 | BUSINESS SALE

London City Airport is to be put up for sale by its US owners with the price rumoured to be around £2 billion.

US fund Global Infrastructure Partners (GIP) currently own the business, along with stakes in London Gatwick and Edinburgh airports but they have decided to sell City in a bid to capitalise on particularly high demand for air travel.

A sale of £2 billion would be a healthy profit for the fund, which bought the airport for £750 million in 2006.

Michael McGhee, director for transport at GIP, told the Financial Times that he believes the time is right for a sale: “The market demand for quality airports is very high.”

He did however insist that there are no plans in place within the group for the sale of its other holdings in Gatwick or Edinburgh.

London City Airport is located just seven miles from the capital's traditional business district and is even closer to Canary Wharf, making it a favoured airport for business travel. In fact two-thirds of the airport's passengers are business travellers.

It has seen passenger numbers double over the past decade from 2 million in 2005 to over 4 million this year.

View other businesses for sale here.

Share this article

Latest Businesses for Sale

Extensive Range of Catering Equipment, Furnishings & Wet Stock (Fast Sale)
UK Wide

Viewing: Wednesday 27 February 2019 between 10am and 3pm. Closing From 10am Friday 1 March 2019.

Asking Price: Offers Invited
Turnover: £500k - £1m

Tyre Services
Fakenham, Norfolk, UK Wide

Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.

Asking Price: £299,950
Turnover: £380,000


Tyre Garage
Midhurst, West Sussex, UK Wide

Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...

Asking Price: £399,995
Turnover: £336,000


View more businesses for sale

News Search

Latest News


Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...


Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...


Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Waste specialist Biffa placed on the market | BUSINESS SALE

Waste management firm Biffa has been placed on the market by...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources