Posts Tagged ‘Global Infrastructure Partners’


[Telegraph]  Gatwick Airport will resurrect proposals for a second runway this summer as it ramps up efforts to become London’s main gateway to booming economies in Asia.

GIP will publish a “master plan” next month setting out what the airport will look like in eight years’ time.

GIP will publish a “master plan” next month setting out what the airport will look like in eight years’ time.

Details of the airport’s plans have emerged as its chief executive, Stewart Wingate, blamed rival Heathrow for giving foreign airlines a false impression that London was “closed for business”.

Gatwick, which has been owned by Global Infrastructure Partners since 2009, will publish a “master plan” next month setting out what the airport will look like in eight years’ time.

The airport’s bosses will also float two scenarios for how it could develop after 2020 – including the case for a two-runway airport.

In an interview with The Sunday Telegraph, Mr Wingate said a second runway at Gatwick or Stansted would be less problematic – and costly – than either a new airport in the Thames Estuary or expansion at Heathrow.

The costs of building “Boris Island” seemed “prohibitively expensive”, he said, while a third Heathrow runway could cost in the region of £10bn-£15bn.

More people would be affected by the noise created by an enlarged Heathrow than at Gatwick or Stansted, the former BAA director added.

“There’s a noise contour which says that in and around Heathrow there’s about a quarter of a million people that live very close to…….

Read the full story at The Telegraph…..


By
9:30PM BST 23 Jun 2012



[Scotsman] Passengers spent nearly four hours on the Edinburgh Airport tarmac last night after a delayed departure caused by technical issues.

200 travellers spent nearly four hours on a plane parked on the tarmac at Edinburgh airport

200 travellers spent nearly four hours on a plane parked on the tarmac at Edinburgh airport. Photo: Wikipedia

ALMOST 200 travellers spent nearly four hours on a plane parked on the tarmac at Edinburgh Airport last night after it developed a technical fault before take-off.

The Thomas Cook flight to Antalya in Turkey had been due to leave shortly after 6pm. Passengers complained of the “roasting heat” inside the plane and were still waiting to be put in hotels at midnight.

Dave Findlay, 35, from East Lothian, said: “It was ridiculous. We got no information and I saw small children in real distress.” No-one from the travel company was available for comment.

Read the original story at The Scotsman…..


Published Tuesday 15 May 2012
The Scotsman.com



[ITN] Flights into Gatwick Airport were delayed overnight, after software problems were experienced on a new access control system operating and controlling gate room doors.

Staff had to open doors inside the airport manually

Staff had to open doors inside the airport manually.  Photo Wikipedia

Staff had to open doors inside the airport manually after the software connected to a new swipe card access system failed. Passengers had to wait on board planes until the doors were released.

23 flights were affected at the airport which is owned by Global Infrastructure Partners (GIP).

A spokesperson for the airport said the problem was fixed by 6am Sunday morning.

GIP recently won the race to buy Edinburgh Airport from BAA for a cash consideration of GBP807.2 million, with the sale approved by the UK Competition Commission.

Read the original ITN story here……


LONDON NEWS IN BRIEF
MON 7 MAY 2012



[Telegraph] Gatwick Airport has laid bare its ambition to rival Heathrow after announcing it had struck a deal with Air China over direct flights to Beijing.

Air China, a national flag carrier, will operate four direct flights a week between Gatwick and Beijing Photo: Bloomberg News

Air China, a national flag carrier, will operate four direct flights a week between Gatwick and Beijing Photo: Bloomberg News

Air China is the latest long-haul carrier to sign up to Gatwick, which is trying to build a reputation as an alternative gateway between the UK and emerging markets.

The airport has started flexing its muscles as Heathrow’s owner BAA battles with the Government over building a third runway.

Air China, a national flag carrier, will operate four direct flights a week between Gatwick and Beijing.

Guy Stephenson, chief commercial officer at Global Infrastructure Partners owned Gatwick, said the airport – the UK’s second largest – could serve London “just as effectively” as Heathrow, where take-off and landing slots are…….

Read the full story at The Telegraph…..


By Nathalie Thomas
02 May 2012



[Scotsman.com] DIRECT flights to long-haul destinations such as the Middle East may be on the cards for passengers using Edinburgh Airport under its new owners.

Flights to long-haul destinations such as the Middle East may be on the cards:  Picture Ian Georgeson

Flights to long-haul destinations such as the Middle East may be on the cards: Picture Ian Georgeson

The city airport is to be bought by Global Infrastructure Partners (GIP), an independent infrastructure fund manager which runs Gatwick and London City airports.

GIP will pay £807.2 million to take over Edinburgh from current operator BAA, which was forced to sell off the airport by the Competition Commission. GIP said it hoped to complete the deal by the end of May.

It is understood that GIP will aim to offer a greater range of international flights from and to Edinburgh in the long term.

Among the improvements made at Gatwick Airport since GIP took it took over in 2009 is an average security queue waiting time of less than two minutes and a reduction in complaints by 15 per cent.

Laurie Price, director of aviation strategy at consultancy Mott MacDonald, said: “In the longer term, if you look at what has happened where GIP have taken over two other airports in the UK there has been quite a change and a significant level of investment and some significant improvement in the facilities offered. From that point of view, then people might notice some changes.”….

Read the full story at The Scotsman….

 


Published on Tuesday 24 April 2012
The Scotsman



[BBC News] A deal has been struck to sell Edinburgh Airport to the owner of Gatwick and London City airports for £807m.

BAA was ordered to sell either Glasgow or Edinburgh by on competition grounds

BAA was ordered to sell either Glasgow or Edinburgh by on competition grounds

Global Infrastructure Partnership (GIP) has beaten off competition from a consortium led by another infrastructure investor, JP Morgan Asset Management.

The operator BAA was ordered to sell either Edinburgh or Glasgow airports.

The sale price is payable in full at closing of the deal, expected in May.

Edinburgh Airport was put on the market by its owner BAA last October, after the Competition Commission ruled that it had to sell either Edinburgh or Glasgow.

The winning price, expected to be paid at the end of May, is considerably more than had been expected.

It is thought that GIP intends to improve the speed at which passengers move through the airport at check-in, security and baggage handling, and to link the Scottish capital with new routes.

Its investment pattern is to sell the asset on after about seven years…..

Read the full story at BBC News….


23 April 2012
BBC News



[Financial Times] The ranks of bidders for Edinburgh Airport have halved this week, with two groups of investors dropping out of the contest for an asset expected to raise £400m-£600m for its owner, BAA.

The sale of Scotland’s biggest airport attracted four indicative offers last month. But a consortium led by UK-listed 3i has withdrawn from the process, following close behind a group led by Carlyle, the US group …..

More on this story at the FT…..


Financial Times
24th March, 2012