BAA appoints advisers for Gatwick sale

Washington DC
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Gatwick operator BAA confirmed today it selected RBS and HSBC as financial advisers for the sale of the airport.

It is the latest step stemming from a conclusion by the UK Competition Commission that BAA should sell two of its three London Airports in addition to selling one of its two main Scottish airports. BAA remains opposed to the Commission's overall findings.

Several bidders voiced interest in Gatwick after BAA announced the sale last month including airport operators Fraport, Hochtief AirPort and Manchester Airports Group. UK airport operator Peel Airports has also said it would consider participating with other investors in any sale of the airport.

Gatwick carrier Virgin Atlantic also remains interested in airport. Carrier CEO Steve Ridgway told ATI earlier this week, "Several of us [operating at Gatwick] could get together and run it."