Monday, February 08, 2010 Gatwick gets more attention

The world's largest sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), acquired a 15% Gatwick stake from Global Infrastructure Partners (GIP) for a £125m as it moves to increase its exposure to infrastructure assets.

Earlier South Korea's National Pension Service agreed to pay around £100m for a 12% state in Gatwick, suggesting similar terms had been reached by Abu Dhabi. GIP, led by Credit Suisse and General Electric, paid £1.51bn for Gatwick last year (slightly below its regulated asset base of £1.57bn). GIP, which is seen to be planning to sell up to 50% of its stake in Gatwick, has been seeking long-term investors for the asset.

In other news:

• LCC story from two ends
  


• Ryanair pushes back longhaul idea
  


• 747-8 First Flight today
  


• JAL dances again
  

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