BA threatens to leave London City Airport - report
British Airways has considered pulling most of its aircraft out of London City if a new owner raised charges to cover the GBP2b price tag on the airport, according to a media report. This move could prove to be a hurdle for the airport's sale, which already attracted 3 groups including Cheung Kong Infrastructure, Atlantia Spa and another three consortia, one of which is led by Macquarie Infrastructure. "If the owners succeed in selling this for GBP2b, we cannot see how a buyer will be able to recover or make any return on that investment unless they make a significant increase in airport charges," said Willie Walsh, CE of IAG. Walsh said that he had serious concerns about the owners' valuation, which would represent a multiple of 44 times the airport's EBITDA earnings. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-03/oneworld/ba-threatens-to-leave-london-city-airport-report
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BA threatens to leave London City Airport - report
British Airways has considered pulling most of its aircraft out of London City if a new owner raised charges to cover the GBP2b price tag on the airport, according to a media report. This move could prove to be a hurdle for the airport's sale, which already attracted 3 groups including Cheung Kong Infrastructure, Atlantia Spa and another three consortia, one of which is led by Macquarie Infrastructure. "If the owners succeed in selling this for GBP2b, we cannot see how a buyer will be able to recover or make any return on that investment unless they make a significant increase in airport charges," said Willie Walsh, CE of IAG. Walsh said that he had serious concerns about the owners' valuation, which would represent a multiple of 44 times the airport's EBITDA earnings. <br/>
