Gatwick Sale Could Be Hurried

The sale of Gatwick Airport may be hurried as BAA strugle to deal with their refinancing efforts.

The Times of London has reported that BAA are having problems with the refinancing of their loans. BAA have convinced investors to invest $779 million into the group as they attempt to pay off their $19.5 billion debts. The sale of Gatwick may raise an additional $3.9 billion that may have to be hurried. BAA will need to hurry the sale if the current trend continues as shares in the group fell recently as a result of the fears that the group would not accomplish the re-financing.

Published by: Jon Vickery