# Wednesday, September 17, 2008

After much speculation BAA have put Gatwick airport up for sale. The chief executive Colin Matthews said the continuing inquiry into BAA by the competition commission was a "big chunk of the motivation" in putting Gatwick up for sale. It is expecting to receive interest from state backed investors and sovereign wealth groups such as Abu Dhabi Investment Capital, the Investment Corporation of Dubai and the Kuwait Investment Authority. Manchester Airport Group and Virgin Atlantic have also confirmed an interest in Gatwick.