News Gatwich Airport bid not set to be announced for ‘days, if not weeks’

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Gatwich Airport bid not set to be announced for ‘days, if not weeks’

Gatwich Airport bid not set to be announced for 'days, if not weeks'

The winning bid for Gatwich Airport will not be revealed for some time, according to the airport’s operator BAA.

Britain’s second-busiest airport in terms of flights was put up for sale by BAA’s Spanish owner Ferrovial last year in order to comply with competition rules.

A deadline for second-round bids was passed yesterday (Monday, April 28th), with BAA expected to have received offers from Global Infrastructure Partners, Lysander Gatwick Investment Group and Manchester Airports Group, Borealis and Greater Manchester Pension Fund.

However, a BAA spokesperson noted there is still some way to go before the new owner of Gatwick Airport is unveiled.

"The process will be far from finished – even once we’ve got all the bids," he told Reuters.

"It’ll probably be days, if not weeks, before we are in a position to make an announcement to say here’s the winning bid."

A report published by the Competition Commission in March this year specified that BAA would have to sell Gatwick, Stansted and one of Edinburgh and Gatwick airports within the next two years.

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