UK airports operator, BAA, owned by Spanish construction firm Ferrovial, agreed to sell Gatwick Airport to investment fund Global Infrastructure Partners for 1.5 billion pounds (US$2.46 billion) on Wednesday, as part of a competition ruling that it must offload three British airports in total. BAA said it will use the proceeds to repay debt. A $91.9 million portion of the sale price is conditional on future traffic performance and the buyer’s future capital structure. Global … [Read more...] about BAA sells Gatwick for US$2.5 billion