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A consortium of Alberta Investment Management Corporation, and investment funds the Ontario Teachers’ Pension Plan and Wren House, part of the Kuwait Investment Authority have purchased London City Airport for about £2bn is it reported today.
The airport, located in Docklands east of the City of London, handled 4.3m passengers last year. It serves mainly European destinations but also provides service to New York, JFK (with a stop in Shannon) for British Airways.
The owners are not new to airport, already owning Belfast International Airport, Birmingham Airport, Bristol Airport, Brussels Airport and Copenhagen Airport.
The new owners are promising an increase in the number of destinations that can be reached from LCY.
A busy night at London City, departures lounge: