Article from BTNews 20 MAY 2019
Gatwick finalises ownership
A new chapter for Gatwick began last week as Vinci Airports completed the purchase of a 50.01% stake in the facility (BTN 23 March). Global Infrastructure Partners (GIP) will continue to manage the remaining 49.99%.
Officials said the new partnership promised continued investment to put passengers at the heart of Gatwick’s future plans as Vinci brought in its expertise including a strong focus on quality of service and programme management.
A statement also emphasised the continuity at the heart of the deal, with Gatwick chairman Sir David Higgins, CEO Stewart Wingate and CFO Nick Dunn remaining and joined as chief technical officer (CTO) by Cédric Laurier, from Vinci.
The airport’s ambitious plans for the future also remain in place, with a further £1.1bn capital investment programme set to deliver a range of passenger improvements over the next four years.
Vinci Airports president Nicolas Notebaert said: “This marks the beginning of an exciting future for Gatwick and Vinci, where applying our joint skills will add significant value to both companies and benefit airlines and passengers.
“Combining our expertise will further improve our operational excellence and sustain our shared vision of putting passengers’ satisfaction at the heart of everything we do.”
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