August 27, 2016 12:48 AM ET

Transportation Infrastructure

Company Overview of London City Airport Ltd.

Company Overview

London City Airport Ltd. operates a business airport that serves various destinations in the United Kingdom, other parts of Europe, and the United States. The company also provides a corporate aviation package, which include flight planning, weather briefings and landing clearances, slot requests, ground handling, flight watching, cleaning, catering, line maintenance, refueling, baggage, and aircraft handling. In addition, it enables customers to book flights, hotels, licensed cabs, cars, car parking, chauffeur cars, mini cabs, luggage, currency, and tickets online. The company was incorporated in 1985 and is based in London, United Kingdom. London City Airport Ltd. is a former subsidiary of...

London City Airport

City Aviation House

Royal Docks

London,  E16 2PB

United Kingdom

Founded in 1985

Phone:

44 20 7646 0088

Fax:

44 02 7473 9578

Key Executives for London City Airport Ltd.

Chief Executive Officer and Director
Age: 61
Chief Financial Officer and Director
Chief Operating Officer and Director
Head of Public Affairs and Community Relations
Compensation as of Fiscal Year 2016.

London City Airport Ltd. Key Developments

Edinburgh Airport And London City Airport Reportedly Lined Up For Sale

There are rumors that London City Airport Ltd. and Edinburgh Airport Limited have been lined for put up for sale by Global Infrastructure Partners.

Canada And Kuwait Reportedly Acquired East London City Airport

A group of Canadian investors and the Kuwait Investment Authority have reportedly swooped on London City Airport Ltd. The group, including Ontario Teachers' Pension Plan, Borealis Infrastructure Trust and Apartment Investment and Management Company (NYSE:AIV) alongside a Kuwaiti infrastructure investor, are reported to have won the takeover battle for the London City Airport Ltd. Global Infrastructure Partners put the airport up for sale in 2015. It is thought the bid values the airport at around £2 billion, beating rival bids from the likes of Li Ka-Shing and HNA Group Co., Ltd.

Two Pension Funds In Running To Buy LCA

Two Canadian pension funds are still in the running to buy the London City Airport Ltd. (LCA), according to a report. Public Sector Pension Investment Board (PSP), which manages funds for the federal public service, and the Ontario Teachers' Pension Plan are leading two of the four remaining bids for LCA, according to London's Sunday Times. Offers were submitted late last week. PSP is leading a consortium that includes British pension funds, while Teachers is teaming up with other Canadian pension funds including OMERS Administration Corp. (OMERS) and Alberta Investment Management Corporation. The winning bid will likely be announced later this week, the Times said. The sale price is expected to be about £2 billion ($3.9 billion), and could be as much as £2.5 billion ($4.9 billion), according to the report. LCA which is currently owned by Global Infrastructure Partners, was put up for sale last summer. Hong Kong billionaire Li Ka-Shing has also been a rumored buyer.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 26, 2016
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