Gatwick is a financial excercise
The new owners indicated they will consider selling pretty soon after the second runway is built. It is all hidden behind a screen of Guernsey, Cayman and Luxembourg companies with the major shareholder in New York and then a Californian Pension fund, a south Korean Pension fund, the Abu Dhabi Investment Authority and an Australian growth fund plus back to back loans, financial derivatives, interest rate swaps and 12% coupon bonds. Not an offshore financial exercise? Give me a break!
Last edited by interpreter; 4th May 2014 at 06:56.