Posts Tagged ‘Global Infrastructure Partners’


[Sky News] A consortium wins the race to land the airport in London’s Docklands and pledges to continue expansion efforts.

City Airport's expansion plans have endured turbulence on pollution grounds

City Airport’s expansion plans have endured turbulence on pollution grounds. Image courtesy: Sky News

A consortium including Canadian pension funds and Kuwait’s investment arm is to pay around £2bn for London City Airport.

The business was put up for sale last summer by Global Infrastructure Partners – the private equity firm – which paid a third of that sum when it acquired the airport in 2006.

In that time, passenger numbers have doubled to 4.3 million in 2015 – an 18% rise on the previous year’s total – but Global’s ambitions for the site in the Docklands area have been largely thwarted.

London’s mayor Boris Johnson has sided with campaigners who fear that City’s plans to double passenger traffic by 2030 will mean more noise and pollution.

The consortium – made up of the Ontario Teachers, Borealis and Aimco pension funds and Kuwait’s Wren House – said in a statement it was “committed to the responsible, long-term ownership and development of London City Airport to ensure its continued strong position and reputation as a key airport for London”.

The statement added:……

Read the full story here at Sky News…..

 


Sky News
26th February, 2016



[International Airport Review] Heathrow Airport Holdings (HAH) is reported to be planning to sell off Southampton, Glasgow and Aberdeen Airports by the end of the year.

The sale would mean that HAH, formerly British Airports Authority (BAA), would be left with just London Heathrow Airport. Photo: Wikipedia

The sale would mean that HAH, formerly British Airports Authority (BAA), would be left with just London Heathrow Airport. Reports claim that the sale would be in order to fund further development projects at the world’s third busiest airport.

A statement from HAH read: “Over recent months Heathrow Airport Holdings group shareholders and management have been considering their strategic position in relation to our three airports, Aberdeen, Glasgow and Southampton.

“As a result the group is now formally entering a sale process. While there is currently no certainty that a sale will be concluded, the group intends to work towards completing a transaction by the end of the year.”

In addition to London Heathrow, Aberdeen, Glasgow and Southampton, BAA once also owned Gatwick, Stansted and Edinburgh Airports as well, but following a performance inquiry by the Competition Commission (now the Competition and Markets Authority), BAA were ruled to sell Gatwick, Stansted and either Glasgow or Edinburgh Airports in order to break up the monopoly.

Following the ruling, Global Infrastructure Partners purchased Gatwick Airport in 2009 and Edinburgh in 2012, and Stansted was purchased by Manchester Airport Group in 2013.

 

Read the original story at International Airport Review…..

 


International Airport Review
7th August, 2014
 


 


[Airport informer] If  you have to occasionally collect friends and family from Gatwick Airport‘s terminals, from July 1st you need to dig further in your pockets and pay for the privilege ….. and subsidise the taxi industry.

Minimum parking charges will rise from £1.50 to £3.00 to subsidise taxi & chauffeur driven cars

Minimum parking charges will rise from £1.50 to £3.00 to subsidise taxi & chauffeur driven cars. Image is for editorial purposes: Gatwick Airport Ltd

Gatwick Airport is planning a major shakeup of the Gatwick meet and greet industry.

Approved Operator Scheme

A recent consultation period has ended hosted held by Gatwick Airport in partnership with West Sussex County Council, Surrey Trading Standards and a number of meet and greet companies operating at the airport, the airport plans to introduce an approved ‘operator scheme’ and has launched a consultation period for meet and greet operators.

The aim is to ….

  • Reduce forecourt congestion by limiting meet and greet operations to specific, controlled areas
  • Expands the ‘user pays’ principle to cover meet and greet parking
  • Address the issue of sub-standard meet and greet operators at Gatwick by only allowing meet and greet companies that are part of the ‘approved operator’ scheme to operate at Gatwick
  • Recognise meet and greet operators that meet minimum customer service standards and ensure passengers can identify these operators.

The trouble is with these fine principles is that everyone now has to pay more to collect their loved ones as well.

In the words of the Gatwick Airport Ltd, in their full findings published here…  

Any individual not in the Approved Operator scheme will not be allowed to use the dedicated areas …, and will have to operate from the non-dedicated areas in the Multi-Story Car Park …. paying the regular tariff.

By the way the regular tariff has just had it’s minimum charges raised by 100%

Why, well in the words of Julia Gregory, Gatwick Airport’s head of Surface Transport….

“The implication for regular passengers using the forecourt is that the rules in place today will be more strictly enforced, that is to say that the forecourts must be for drop-off only, and any pick-ups should be carried out in the short-stay car park. If the scheme achieves its objectives, customers using the forecourts to drop-off friends/family will also benefit through better management of the traffic on the forecourts, and therefore shorter waiting times.”

she continues….

There have been changes to the tariff for the short-stay car parks, the key change is that the entry price point is now 0-30 minute at £3.00 rather than 0-15 minutes at £1.50. This change brings us in line with all the other main London airports, and we expect the vast majority of short-stay users to be unaffected (as most people take longer than 15 minutes to use the short-stays).

In effect the public will subsidise taxi & chauffeur driven car companies 

“This price change also allows us to offer discounted rates to the ‘Approved Operators’ that use the short-stay car parks, so forms a key part of the scheme. “

“expect …..push-back from customers”

“……this will have most impact from 1st July when the new rules on the forecourt start to be strictly enforced. In particular I expect there to be push-back from customers who today pick-up friends and family on the forecourt in contravention of the signage in place – they will not be allowed to do so from 1st July”.

In conclusion, from July 1st, bring some money….

You just know that when an auspicious entity like Gatwick Airport Ltd or a local council extols the virtues of a scheme to improve things……. it’s going to cost you more money somewhere along the line….

Don’t forget… Gatwick is “Your London Airport”


Airport informer
5th June, 2013



[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