The Great Debate UK

Someone loves Gatwick after all


REUTERS– Neil Collins is a Reuters columnist. The opinions expressed are his own –

The Spanish owners of London’s three airports must wonder whether someone above the skies has got it in for them.

Having paid top dollar for BAA, Grupo Ferrovial <FER.MC> has had an endless series of problems, of which the worldwide panic over swine flu is just the latest.

Never mind the potential pandemic, things already look bad enough. The problems for the owner of Heathrow, Gatwick and Stansted extend far beyond simply servicing the new debt, piled on top of the old, which the airports must support.