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BAA Puts Gatwick Up For Sale  
User currently offlineHolidaycharter From United Kingdom, joined Aug 2005, 203 posts, RR: 0
Posted (5 years 11 months 2 weeks 6 days 15 hours ago) and read 7754 times:

BBC are reporting that the BAA are selling Gatwick which comes as abit of a suprise interested partys are believed to be Virgin and the owners of Manchester airports.

Thoughts and opinions on this good move or bad one?

41 replies: All unread, showing first 25:
 
User currently offlineSASD209 From British Indian Ocean Territory, joined Oct 2007, 642 posts, RR: 0
Reply 1, posted (5 years 11 months 2 weeks 6 days 14 hours ago) and read 7719 times:

I just got the BBC alert on my Blackberry, thought I was the first. Damn.  sigh 

User currently offlineCumulus From United Kingdom, joined Aug 2006, 1402 posts, RR: 1
Reply 2, posted (5 years 11 months 2 weeks 6 days 13 hours ago) and read 7611 times:

Link here:-

http://news.bbc.co.uk/1/hi/business/7620293.stm

How about a A.Net consortium like the one where we all were going to buy a DC-10 and buy it?!

Could rename it to Anetwick International!



What Goes Up Must Come Down, Hopefully In One Piece!
User currently offlineBCAL From United Kingdom, joined Jun 2004, 3384 posts, RR: 16
Reply 3, posted (5 years 11 months 2 weeks 6 days 13 hours ago) and read 7579 times:

Let's hope whoever eventually ends up as the new owner of Gatwick will run it as an airport with shops rather than two large shopping malls with an airport attached!  biggrin 

Let's also hope that the whinging Bearded One does not enter the bidding and the airport is not renamed Sir Richard Branson International Airport - London.  Yeah sure



MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
User currently offlineBongodog1964 From United Kingdom, joined Oct 2006, 3573 posts, RR: 3
Reply 4, posted (5 years 11 months 2 weeks 6 days 12 hours ago) and read 7507 times:



Quoting BCAL (Reply 3):
Let's also hope that the whinging Bearded One does not enter the bidding and the airport is not renamed Sir Richard Branson International Airport - London.

I'd tend to agree with you; however it could be worse:

Just imagine if Gatwick became the Michael O'Leary International Airport (Dublin East)  Big grin


User currently onlineClassicLover From Ireland, joined Mar 2004, 4635 posts, RR: 23
Reply 5, posted (5 years 11 months 2 weeks 6 days 12 hours ago) and read 7449 times:

Looks like BAA are being a little pre-emptive...

I imagine they will use this as an excuse - "See, we were good boys selling Gatwick - please let us keep Stansted and the Scottish airports!"

Should be interesting to watch this one play out!



I do quite enjoy a spot of flying - more so when it's not in Economy!
User currently offlineScouseflyer From United Kingdom, joined Apr 2006, 3389 posts, RR: 9
Reply 6, posted (5 years 11 months 2 weeks 6 days 12 hours ago) and read 7437 times:

Other bidders include Macquirie Bank and FraPort

User currently offlineBill142 From Australia, joined Aug 2004, 8447 posts, RR: 8
Reply 7, posted (5 years 11 months 2 weeks 6 days 12 hours ago) and read 7429 times:

I wonder if Macquarie bank has enough credit left given the turmoil of recent days with Lehman and AIG.

User currently offlineBabybus From , joined Dec 1969, posts, RR:
Reply 8, posted (5 years 11 months 2 weeks 6 days 12 hours ago) and read 7422 times:

Gatwick will need a strong hand.

I'd like the new owners to rethink the place and make it more appealing to everyone and not just people who are OCD about shopping.


User currently offlineJWMD123 From Ireland, joined May 2006, 867 posts, RR: 0
Reply 9, posted (5 years 11 months 2 weeks 6 days 11 hours ago) and read 7422 times:



Quoting Bongodog1964 (Reply 4):
Just imagine if Gatwick became the Michael O'Leary International Airport (Dublin East)

Don't put it past him.

Buys LGW, kicks every one out and moves all FR operations from STN and LTN to LGW.

No landing fees, parking fees, any kind of fees for FR.


However SRB is also in the mix so it will be interesting times.

Quoting ClassicLover (Reply 5):
I imagine they will use this as an excuse - "See, we were good boys selling Gatwick - please let us keep Stansted and the Scottish airports!"

That's exactly what they are doing. Try and get in ahead of the final decision.


User currently offlineEI564 From Ireland, joined May 2007, 373 posts, RR: 0
Reply 10, posted (5 years 11 months 2 weeks 6 days 11 hours ago) and read 7338 times:

I think Ferrovial always contemplated selling one of the London airports. As in "buy the BAA and sell off some of the parts for huge money". The credit crunch just makes selling one of the airports even more necessary.

Quoting BCAL (Reply 3):
Let's hope whoever eventually ends up as the new owner of Gatwick will run it as an airport with shops rather than two large shopping malls with an airport attached!

I think whoever buys it will want to make back their money quickly. Sounds like more shops, not less.  Smile Especially since Gatwick can't grow hugely passenger wise since its so crowded already.


User currently offlinePar13del From Bahamas, joined Dec 2005, 7152 posts, RR: 8
Reply 11, posted (5 years 11 months 2 weeks 6 days 11 hours ago) and read 7318 times:

Do the UK rules / regulations allow an airline to own such a major airport, how would they monitor the competitive balance?

User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 12, posted (5 years 11 months 2 weeks 6 days 10 hours ago) and read 7279 times:

With the amount of shell suits that pass through LGW theres no way they would be allowed to call it Virgin International Airport.  Big grin

I think SRB would do better and concentrate on VS and its "war" its going to have with BA/AA than try and get his mits on LGW.

Will be interesting to see how this all plays out and indded if an airline comes in the mix with a consortium to buy it.

Whatever happens, I just hope BAA on the back of the sale, put all there effort in to bringing LHR into the 21st Century and dont delay with Heathrow East and so on.


User currently offlineCornish From United Kingdom, joined Feb 2005, 8187 posts, RR: 54
Reply 13, posted (5 years 11 months 2 weeks 6 days 10 hours ago) and read 7254 times:

Nice bit of spin from SRB, but Virgin will certainly not be one of the bidders when it gets serious. Nor will they be one pat of any leading consortium either.

All the major players, or those who want to be in airport ownership will certainly bid.

you can add in GMR, Hochtief, ADAC and others into the mix.


Still, the sale will certainly keep me busy.....



Just when I thought I could see light at the end of the tunnel, it was some B*****d with a torch bringing me more work
User currently offlineBongodog1964 From United Kingdom, joined Oct 2006, 3573 posts, RR: 3
Reply 14, posted (5 years 11 months 2 weeks 6 days 10 hours ago) and read 7199 times:



Quoting EI564 (Reply 10):
I think whoever buys it will want to make back their money quickly.

The buyer will certainly want to "make their money back quickly" their problem however is that airport charges in the UK are set by the Government regulator, who made it plainly clear to Ferrovial that no allowance would be made for the consequences of paying over the odds to buy the airport/airports in the 1st instance.
In addition LGW is a mature airport with little present opportunity for expansion. Thus it should provide a safe and reliable income, but never a quick buck.

This is probably one of the reasons that Ferrovial has put up the for sale sign prior to the final report from the monopolies commission. This will give them longer to find a buyer, a forced sale with a short time scale might not produce as good a price.


User currently offlineRevelation From United States of America, joined Feb 2005, 12468 posts, RR: 25
Reply 15, posted (5 years 11 months 2 weeks 6 days 8 hours ago) and read 7056 times:



Quoting UAL777UK (Reply 12):
With the amount of shell suits that pass through LGW theres no way they would be allowed to call it Virgin International Airport.

Yes, but it sounds so much better than "Whore International Airport", doesn't it?  Smile



Inspiration, move me brightly!
User currently offlineSkidmarks From UK - England, joined Dec 2004, 7121 posts, RR: 55
Reply 16, posted (5 years 11 months 2 weeks 6 days 8 hours ago) and read 7016 times:



Quoting Cornish (Reply 13):
Still, the sale will certainly keep me busy.....

Makes a change then Big grin  duck 

Andy  old 



Growing old is compulsory, growing up is optional
User currently offlineBCAL From United Kingdom, joined Jun 2004, 3384 posts, RR: 16
Reply 17, posted (5 years 11 months 2 weeks 6 days 8 hours ago) and read 6981 times:

Bearing in mind that the agreement not to build a second runway at LGW before 2019 was between BAA and Crawley Council, would this restrictive covenant be equally binding on the new owner(s)? With the amount at stake, surely the lawyers acting for any prospective purchaser may find some loophole to declare the agreement null and void.


MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
User currently offlineEI564 From Ireland, joined May 2007, 373 posts, RR: 0
Reply 18, posted (5 years 11 months 2 weeks 6 days 7 hours ago) and read 6907 times:



Quoting Bongodog1964 (Reply 14):
The buyer will certainly want to "make their money back quickly" their problem however is that airport charges in the UK are set by the Government regulator, who made it plainly clear to Ferrovial that no allowance would be made for the consequences of paying over the odds to buy the airport/airports in the 1st instance.
In addition LGW is a mature airport with little present opportunity for expansion. Thus it should provide a safe and reliable income, but never a quick buck.

Completely agree. That's why I said that there would be an even bigger focus on shops if possible. One way to make more money.

Quoting BCAL (Reply 17):
Bearing in mind that the agreement not to build a second runway at LGW before 2019 was between BAA and Crawley Council, would this restrictive covenant be equally binding on the new owner(s)? With the amount at stake, surely the lawyers acting for any prospective purchaser may find some loophole to declare the agreement null and void.

In the current environment, I can't see any chance that the 2019 figure will be broken. It'll probably take 10 years to get through planning permission anyhow...


User currently offlineVS030 From Barbados, joined Sep 2008, 15 posts, RR: 0
Reply 19, posted (5 years 11 months 2 weeks 6 days ago) and read 5204 times:

I know SRB doesn't have many fans out there but I'd personally like to see Virgin win this one!


Impossible Is Nothing
User currently offlineEK156 From United Arab Emirates, joined May 2005, 765 posts, RR: 3
Reply 20, posted (5 years 11 months 2 weeks 5 days 23 hours ago) and read 5010 times:

Can I say Dubai or Abu Dhabi Airports????

DP World from Dubai bought P&O

So why not Dubai Airport buying Gatwick... it would be heaven for EK!!!!


User currently offlineBbinn333 From , joined Dec 1969, posts, RR:
Reply 21, posted (5 years 11 months 2 weeks 5 days 23 hours ago) and read 4962 times:

It would Be Cool Is We Could All Contribute Some Money and Buy Gatwick !

User currently offlineBongodog1964 From United Kingdom, joined Oct 2006, 3573 posts, RR: 3
Reply 22, posted (5 years 11 months 2 weeks 5 days 23 hours ago) and read 4901 times:



Quoting EI564 (Reply 18):
Quoting BCAL (Reply 17):
Bearing in mind that the agreement not to build a second runway at LGW before 2019 was between BAA and Crawley Council, would this restrictive covenant be equally binding on the new owner(s)? With the amount at stake, surely the lawyers acting for any prospective purchaser may find some loophole to declare the agreement null and void.

In the current environment, I can't see any chance that the 2019 figure will be broken. It'll probably take 10 years to get through planning permission anyhow...

EI564 seems to be on the right track. Planning matters are usually based on the location, not the owner. If they were owner based, property companys would obviously transfer assets to get round the laws. Unless Crawley Council made a huge mistake this will be binding.


User currently offlineUAEflyer From United Arab Emirates, joined Nov 2006, 1076 posts, RR: 0
Reply 23, posted (5 years 11 months 2 weeks 5 days 23 hours ago) and read 4858 times:



Quoting Cumulus (Reply 2):
Could rename it to Anetwick International!

When BAA was sold to a European client, one of the important rules was to keep the names of the airport, and only the government of the U.K can change.

Quoting EK156 (Reply 20):
Can I say Dubai or Abu Dhabi Airports????

I can see Abu Dhabi airports is a good candidate, but this time they will manage to put a partner, and most probably Singapore airport,


User currently offlineWunalaYann From Australia, joined Mar 2005, 2839 posts, RR: 25
Reply 24, posted (5 years 11 months 2 weeks 5 days 16 hours ago) and read 3968 times:



Quoting Bongodog1964 (Reply 22):
EI564 seems to be on the right track. Planning matters are usually based on the location, not the owner. If they were owner based, property companys would obviously transfer assets to get round the laws. Unless Crawley Council made a huge mistake this will be binding.

It makes legal and moral sense that contractual obligations be carried over after the sale of an asset.

However I was hoping that the break-up of BAA's monopoly on London airports would bring some much needed actual competition, and thus development, between LGW and LHR.

I keep thinking that instead of putting all the UK's eggs in LHR's full basket, maybe spreading the wealth and the risks among more actors would provide a relevant alternative.

Just my AU$0.02.

 Smile


25 Mah584jr : That would be fun to own and run Gatwick. However, we argue and bicker about everything on this site. How are we supposed to run an airport together
26 Cloudyapple : What if: Nobody wants it? Or nobody is willing to pay a price acceptable to BAA for Gatwick? I mean in the credit crisis that is ongoing and is not li
27 EI564 : LGW is already an alternative for LHR but airlines choose to use LHR anyhow. It would be nice if LGW got a new runway but looks like STN and LHR will
28 VgnAtl747 : While it does make sense that any previous contractual obligations would remain, I would imagine that eventually the politics would come into play. I
29 Maxisno1 : Just a random question here - Would EK want it if they got the chance? Not like they couldn't afford it![Edited 2008-09-18 07:37:22]
30 WunalaYann : Please allow me to rephrase. I meant it in the sense that LGW needs to be redeveloped in order to properly compete with LHR. Indeed I reckon it could
31 CasualObserver : Gatwick is a truly awful airport - the single runway often means that the traveller can arrive at Gatwick bang on time but sadly at some several thou
32 R2rho : AFAIK, yes. Because back then BAA was government owned, so I would assume that now the responsibility is passed over to the government. This agreemen
33 Bongodog1964 : I'm sure this did not feature in the slightest. The Government had no involvement in the sale of BAA to Ferrovial; in addition it is possible to alte
34 Glom : I proposed abolishing price controls in another thread. It would allow the true economic cost of flying to be reflected in the ticket. No-one was int
35 VV701 : The restriction over building another runway at LGW was a condition of a Planning Approval. Such restrictions apply to whoever owns the property unle
36 LHR27C : Sorry to nitpick but they're 08/26. I'm still suspicious of this whole "LGW competing with LHR" idea. Given that at present both are virtually full I
37 Planesarecool : They already have around 10 hourly train services into London Victoria, which take around 30 minutes. They also have four hourly services to London B
38 R2rho : I think there's a misunderstanding, and we're meaning the same thing: the infrastructure (railways, electricity grid... airports) should be managed s
39 PPVRA : With the price caps on landing fees not going anywhere, don't count on it.
40 Pellegrine : It's an absolute steal at 3.5 billion pounds... Now if only that 2nd runway could be advanced sooner than 2019!
41 WunalaYann : And this is where enhancing services to LGW, either with a new infrastructure or with a complete overhaul and upgrade of the existing one, could be p
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