London City Airport could be sold by the end of this year, suggest reports.
News organisation Reuters claimed it had confirmation from two sources suggesting a price tag of £2 billion had been placed on the Docklands airport.
It said London City Airport’s owners have appointed Credit Suisse to advise them on a potential sale, but all parties have refused to comment.
London City is majority-owned by Global Infrastructure Partners, which also owns Gatwick and Edinburgh airports. It bought the Dockands airport in 2006 for £742 million and currently owns 75%. The remaining 25% is held by Oaktree Capital Management.
