The ‘usual suspects’ are the final Gatwick bidders

Despite the many forecasts and guesses about which companies would still be in the running for Gatwick Airport, and about last minute entrants, it is three of the original group that, it appears, have stuck it out. However, raising capital has been difficult, right up to the very end. The reward may be to acquire Britain’s second busiest airport at a very attractive price but BAA could still challenge the very legality of the sale. [1821 words]

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This report contains the following subheadings:

• Projected Terra Firm bid fails to land
• GIP is the bookie's favourite
• BAA's 1Q09 financials offer little cheer
• Lots of slots - 'use it or lose it' rule to be suspended
• Early putative bidder now in need of investment itself