PR or Fact ????

Richard Branson is considering a bid for BAA Ltd.'s Gatwick Airport, a deal that could be worth more than 2 billion pounds ($3.6 billion), the Daily Telegraph reported.

The Virgin Atlantic Airways Ltd. president has held talks with a number of possible bidding partners, the newspaper cited Branson as saying. They may include funds backed by the Dubai royal family, the Telegraph said.

The proposals are at an early stage because the airport is not yet formally for sale and a final report by the U.K. Competition Commission on the U.K. airport industry is not due to be published until February 2009, the Telegraph said. BAA's owner Grupo Ferrovial SA is unlikely to call for bids until the report is released, according to the newspaper.

Source http://www.bloomberg.com/apps/news?pid=20601102&sid=aEnX1zcxRthg&refer=uk