Gatwick Airport goes on sale

Airport operator BAA has announced that it has put Gatwick Airport up for sale.

BAA made the decision following a report by the Competition Commission that compelled the company to sell two of its three London airports in order to improve services for airlines and passengers.

Andy Flower, managing director of Gatwick Airport, described the announcement as a "landmark moment" and said it was the right decision for staff, passengers and airline customers.

He added: "Whatever the outcome of this process, I know that Gatwick will have a successful future. The airport will continue to play a vital role in the community, supporting the local, regional and national economies.

"We have exciting plans in place to revitalise the airport and transform the passenger experience over the next five years and a strong team focused on making Gatwick a great airport. It is business as usual at Gatwick."

Potential bidders for the airport are thought to include the Manchester Airport Group and Australian bank Macquarie, while Virgin Atlantic also indicated it would be interested in joining a consortium of buyers.

With 35 million passengers a year, Gatwick is the UK's second largest airport, after London Heathrow. Its most popular international destinations include Tenerife, Orlando and Amsterdam.