London City Airport has been bought for a reported £2 billion. A Canadian pension consortium which already owns a string of worldwide airports, has bought the airport in London's Docklands. The exact price paid hasn't been disclosed but Alberta Investment Management Corporation says that it hopes this purchase will have a "positive economic impact for all of London and the local community". But with record numbers of people using the small airport last year, and the firm promising even more routes, can City Airport cope? Matt Cox spoke to aerospace specialist Julian Bray who explained the deal.
about 1 year ago