A group led by Virgin Atlantic and EasyJet has pulled out of the bidding for Gatwick airport, The Times said today, citing a spokesman for Virgin Atlantic. The group will not put its own money into any deal, offering just advice to other bidders instead, the spokesman told the newspaper.
A unit of Germany’s Hochtief AG, and Citigate Infrastructure, a group including Citigroup Inc., will probably bid for Gatwick, while Manchester Airports Group has been unsuccessful in raising financing so far.