{"id":1689,"date":"2018-12-30T11:29:19","date_gmt":"2018-12-30T11:29:19","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=1689"},"modified":"2018-12-30T11:29:19","modified_gmt":"2018-12-30T11:29:19","slug":"vinci-pays-2-9bn-for-majority-stake-in-gatwick-airport","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/vinci-pays-2-9bn-for-majority-stake-in-gatwick-airport\/","title":{"rendered":"Vinci pays \u00a32.9bn for majority stake in Gatwick Airport"},"content":{"rendered":"

French infrastructure giant Vinci has paid \u00a32.9bn for a majority stake in Gatwick Airport.<\/p>\n

Under the terms of the deal, Vinci Airports takes a 50.01% stake making it the firm’s largest airport.<\/p>\n

Gatwick\u2019s chair, Sir David Higgins, described the deal as a vote of confidence in Gatwick and its future potential.<\/p>\n

\n
<\/a><\/div>\n<\/div>\n

Higgins will stay on, along with the chief executive, Stewart Wingate, who said there would be no changes to the immediate running of the airport.<\/p>\n

Just two months ago, the former owners of the UK\u2019s second-busiest airport, revealed plans to move and upgrade its standby runway into routine use for departing flights by the mid-2020s.<\/p>\n

\n

\n
<\/a><\/div>\n<\/div>\n

The \u00a3500m plan to use the runway for\u00a0short haul flights forms part of Gatwick\u00a0Airport\u2019s growth masterplan.<\/p>\n

This would see an extra \u00a31.1bn spent over the next five years on upgrading the airport.<\/p>\n

\n

2018-2023 key projects plan<\/h3>\n

\"\"<\/a><\/p>\n