3rd Feb 2016 06:41
LONDON (Alliance News) - British Airways has threatened to pull most of its aircraft out of London City Airport should a new owner of the hub raise charges in order to cover the GBP2.0 billion it is like to pay for the site, the Financial Times reported.
The airline, owned by FTSE 100-listed International Consolidated Airlines Group SA, is the largest carrier at London City Airport, transporting around 40% of the passengers going through the hub each year.
Willie Walsh, chief executive of IAG, has expressed concerns about the GBP2.0 billion valuation put on the airport by its current US owner, which is seeking to sell the airport and has already attracted offers from at least three groups.
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By Sam Unsted; [email protected]; @SamUAtAlliance
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