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BAA Puts Gatwick Up For Sale  
User currently offlineHolidaycharter From , joined Dec 1969, posts, RR:
Posted (5 years 7 months 2 days 19 hours ago) and read 7620 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 , joined Dec 1969, posts, RR:
Reply 1, posted (5 years 7 months 2 days 19 hours ago) and read 7585 times:

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

User currently offlineCumulus From , joined Dec 1969, posts, RR:
Reply 2, posted (5 years 7 months 2 days 18 hours ago) and read 7477 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!


User currently offlineBCAL From , joined Dec 1969, posts, RR:
Reply 3, posted (5 years 7 months 2 days 18 hours ago) and read 7445 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


User currently offlineBongodog1964 From , joined Dec 1969, posts, RR:
Reply 4, posted (5 years 7 months 2 days 17 hours ago) and read 7373 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 offlineClassicLover From , joined Dec 1969, posts, RR:
Reply 5, posted (5 years 7 months 2 days 17 hours ago) and read 7315 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!


User currently offlineScouseflyer From , joined Dec 1969, posts, RR:
Reply 6, posted (5 years 7 months 2 days 16 hours ago) and read 7303 times:

Other bidders include Macquirie Bank and FraPort

User currently offlineBill142 From , joined Dec 1969, posts, RR:
Reply 7, posted (5 years 7 months 2 days 16 hours ago) and read 7295 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 7 months 2 days 16 hours ago) and read 7288 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 , joined Dec 1969, posts, RR:
Reply 9, posted (5 years 7 months 2 days 16 hours ago) and read 7288 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 , joined Dec 1969, posts, RR:
Reply 10, posted (5 years 7 months 2 days 16 hours ago) and read 7204 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 , joined Dec 1969, posts, RR:
Reply 11, posted (5 years 7 months 2 days 15 hours ago) and read 7184 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 , joined Dec 1969, posts, RR:
Reply 12, posted (5 years 7 months 2 days 15 hours ago) and read 7145 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 , joined Dec 1969, posts, RR:
Reply 13, posted (5 years 7 months 2 days 15 hours ago) and read 7120 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.....


User currently offlineBongodog1964 From , joined Dec 1969, posts, RR:
Reply 14, posted (5 years 7 months 2 days 15 hours ago) and read 7065 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 , joined Dec 1969, posts, RR:
Reply 15, posted (5 years 7 months 2 days 13 hours ago) and read 6922 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


User currently offlineSkidmarks From , joined Dec 1969, posts, RR:
Reply 16, posted (5 years 7 months 2 days 13 hours ago) and read 6882 times:



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

Makes a change then Big grin  duck 

Andy  old 


User currently offlineBCAL From , joined Dec 1969, posts, RR:
Reply 17, posted (5 years 7 months 2 days 13 hours ago) and read 6847 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.

User currently offlineEI564 From , joined Dec 1969, posts, RR:
Reply 18, posted (5 years 7 months 2 days 12 hours ago) and read 6773 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 , joined Dec 1969, posts, RR:
Reply 19, posted (5 years 7 months 2 days 5 hours ago) and read 5070 times:

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

User currently offlineEK156 From , joined Dec 1969, posts, RR:
Reply 20, posted (5 years 7 months 2 days 4 hours ago) and read 4876 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 7 months 2 days 4 hours ago) and read 4828 times:

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

User currently offlineBongodog1964 From , joined Dec 1969, posts, RR:
Reply 22, posted (5 years 7 months 2 days 4 hours ago) and read 4767 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 , joined Dec 1969, posts, RR:
Reply 23, posted (5 years 7 months 2 days 4 hours ago) and read 4724 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 , joined Dec 1969, posts, RR:
Reply 24, posted (5 years 7 months 1 day 21 hours ago) and read 3834 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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