{"id":52923,"date":"2023-12-10T18:45:16","date_gmt":"2023-12-10T13:15:16","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=52923"},"modified":"2024-06-14T21:13:04","modified_gmt":"2024-06-14T15:43:04","slug":"london-heathrow-airport-likely-controlled-by-saudi-arabia","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2023\/12\/10\/london-heathrow-airport-likely-controlled-by-saudi-arabia\/","title":{"rendered":"London Heathrow Airport Likely to be Controlled by Saudi Arabia"},"content":{"rendered":"\n

LONDON-<\/strong> Saudi Arabia may ultimately gain majority control of London Heathrow Airport (LHR)<\/a>, Europe\u2019s busiest, as several shareholders consider the sale of their interests, the Times reported on Sunday.<\/p>\n\n\n\n

FGP Topco Limited, a consortium underpinning Heathrow Airport Holdings Limited, is helmed by infrastructure expert Ferrovial S.A. (25.00%). Other major stakeholders in the consortium include Qatar Investment Authority (20.00%), Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ) (12.62%), GIC (11.20%), Australian Retirement Trust (11.18%), China Investment Corporation (10.00%), and Universities Superannuation Scheme (USS) (10.00%).<\/p>\n\n\n\n

\"Saudi
Photo: Heathrow Airport<\/figcaption><\/figure>\n\n\n\n

Saudi Arabia to Control London Heathrow<\/h2>\n\n\n\n

At least one shareholder is close to selling its stake after the Saudi Public Investment Fund, together with the investment company Ardian, in which Saudi Arabia<\/a> is an investor, agreed to buy the 25% stake held by Spain\u2019s Ferrovial SE in late November.<\/p>\n\n\n\n

The $3 billion deal was about 70% above Morgan Stanley\u2019s estimated valuation.<\/p>\n\n\n\n

Heathrow\u2019s remaining shareholders are sovereign wealth funds from Qatar, China, and Singapore<\/a>, which are unlikely to sell, as well as pension funds from Quebec, Australia, and the UK\u2019s Universities Superannuation Scheme, which may sell, according to the Times.<\/p>\n\n\n\n

\"Saudi
Photo: LONDON HEATHROW | Heathrow International Airport, UK border.\u2026 | Stefano Campolo | Flickr<\/figcaption><\/figure>\n\n\n\n

Most Internationally Connected Airport<\/h2>\n\n\n\n

London Heathrow Airport (LHR) has once again secured its top-ranking status as the world\u2019s most internationally connected airport. British Airways (BA)<\/a> maintains its dominant presence with a 50% share of the flights.<\/p>\n\n\n\n

John Grant, Chief Analyst at OAG, commented on the OAG Megahubs findings, emphasizing the enduring importance of international connectivity.<\/p>\n\n\n\n

He noted the resurgence of London Heathrow and the remarkable growth of Asian hubs like Kuala Lumpur, highlighting airports\u2019 global adaptability and resilience.<\/p>\n\n\n\n

The major European airport hubs, including Amsterdam (AMS), Frankfurt (FRA), and Paris (CDG), join London Heathrow (LHR) in the Top 10 Global Megahubs. Istanbul (IST) also makes a remarkable entry into the Top 10, securing the 7th position.<\/p>\n\n\n\n

Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n

Join us on Telegram Group <\/a>for the Latest Aviation Updates. Subsequently, follow us on Google News<\/a>.<\/p>\n\n\n\n

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London Heathrow Gets New Deal for $4.26 Billion from Adrian and Saudi Arabia<\/a><\/blockquote>