Company Overview of London City Airport Ltd.
London City Airport Ltd. operates a business airport serving various destinations across the United Kingdom, Europe, and the United States. It also provides a corporate aviation package, including flight planning, weather briefings and landing clearances, slot requests, ground handling, flight watching, cleaning, catering, line maintenance, refueling, baggage, and aircraft handling. The company was incorporated in 1985 and is based in London, United Kingdom. London City Airport Ltd. is a former subsidiary of AIG Financial Products Corporation.
London City Airport
City Aviation House
London, E16 2PB
Founded in 1985
Key Executives for London City Airport Ltd.
Chief Executive Officer and Non Executive Director
Head of Public Affairs and Community Relations
Compensation as of Fiscal Year 2015.
London City Airport Ltd. Key Developments
Borealis And Allianz Are Understood To Have Bid For London City Airport
Aug 29 15
Borealis Infrastructure Trust and Allianz SE (DB:ALV) are understood to have joined forces for a swoop on London City Airport Ltd., which has been valued at £2 billion. Borealis Infrastructure is understood to have teamed up with Allianz to make a consortium approach. The duo will come up against suitors including Ontario Teachers' Pension Plan, which has partnered with Kuwait Investment Authority (sovereign wealth fund of Kuwait) and Hermes to submit an offer for the airport. Macquarie Group Limited (ASX:MQG) is also thought to be eyeing a consortium bid. Spokesmen for Borealis and Allianz declined to comment.
Atlantia Might Bid for London City Airport
Aug 21 15
Italy’s Benetton family, owner of Atlantia SpA (BIT:ATL) might be interested in bidding for London City Airport Ltd. once Global Infrastructure Partners puts it up for sale in September 2015, Corriere della Sera daily reported on August 20, 2015.
London City Airport Reportedly Hires Advisor For Sale Process
Aug 20 15
London City Airport Ltd. is planning to sell itself. Sources close to the matter said that the company has engaged Credit Suisse Group AG (SWX:CSGN) and that could value the business at as much as £2 billion. Two sources stated that the company could be sold in 2015. London City Airport’s shareholders include Global Infrastructure Partners (GIP) holding 75% stake while Oaktree Capital Management, L.P. holds remaining. The news report stated that spokeswoman at Credit Suisse declined comment and no-one at GIP was immediately available for comment while spokesman at Oaktree declined to comment. Sources added that the owners have agreed to the disposal and held talks with investment banks in recent weeks to appoint advisers. Industry sources added that the company is expected to draw interest from infrastructure funds.
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