With the purchase of 50.01% of Gatwick, the French group expands its network to 46 airports in 12 countries
Vinci Airports, a subsidiary of the French construction group Vinci Concesiones, has signed an agreement to acquire a 50.01% stake in Gatwick Airport, for 2,900 million pounds (3,220 million), which will become the majority shareholder of the the second largest airport in the United Kingdom, and the eighth with the largest flow of passengers in Europe, with a volume of 45.7 million passengers per year.
The remaining 49.99% will be managed by its partner Global Infrastructure Partners with experience in that airport since 2009, as detailed in a statement by the French group, which expands with this purchase its network to 46 airports spread across twelve countries (228 million travelers per year).
“As a new industrial partner, Vinci Airports will support and encourage traffic growth, operational efficiency and take advantage of its international experience in the development of commercial activities to further improve the satisfaction and experience of passengers,” said the group’s president. , Nicolas Notebaert.
Vinci points out that this operation is an “opportunity” to acquire an airport of such size and quality, which is in line with the group’s long-term investment strategy. “Gatwick Airport is an exceptional asset with additional growth potential as it is a high-performance airport located in a globally significant aviation market,” the company said.
IT WILL BE THE LARGEST AIRPORT IN YOUR NETWORK
In fact, Gatwick will become the largest airport in the world network of Vinci Airports. The airports located in the London market handled more than 170 million passenger trips in 2017.
Gatwick Airport Group reported total revenues of GBP 764.2 million (EUR 848.2 million) and gross operating profit (EBITDA) of GBP 411.2 million (EUR 456.4 million) at the close of the March 31 of this year.
Located south of London as its second largest airport, Gatwick accounts for more than 46 million travelers a year and offers connections to 228 destinations in 74 countries. Its main clients include easyJet, British Airways of the IAG group, as well as Asian companies such as China Eastern.
In 2017, Gatwick reached a world record of 950 flights in one day. The airport has a strategic plan to meet the growing demand for air traffic through a more efficient use of its existing runway and the use of its reserve runway.