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Will Richard Branson Buy Gatwick?

September 2, 2008 at 12:30 PM | by | Comments (0)

He's clearly crazy enough to make a go at commercial space travel, but is billionaire Richard Branson really gonna buy up an English airport? Maybe!

A government agency will soon decide whether BAA, the Spanish-owned subsidiary that runs Gatwick and six other British airports, is acting against consumer interest, and most everyone is betting that its holdings will be broken up. If that happens, says the Telegraph, Gatwick, Stansted and either Glasgow or Edinburgh airports will be sold off. Branson says he's trying to secure funding to make a bid for Gatwick, where Virgin Atlantic could spruce things up to compete against British Airway's T5 at Heathrow.

Other bidders are also interested, and it will be months before we even find out when Gatwick could go up for sale. That should give Branson enough time to scrape together the £2 billion ($3.6 billion) it might cost!

Related Stories:
· Branson Weighs Bid for Gatwick [Telegraph]
· Gatwick coverage [Jaunted]

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