Wightlink Owner Macquarie Sell UK Airport

Macquarie, the Australian investment bank that owns Wightlink, has put on of its other UK assets, Bristol International Airport, up for sale.

Macquarie, the Australian investment bank that owns Wightlink, has put on of its other UK assets, Bristol International Airport, up for sale.

Macquarie: Wightlink Owner Sell UK AirportThe Sunday Times (ST) describe it as a “scramble to raise cash.”

They quote industry sources, claiming that possible bidders might be Prudential’s M&G’s infrastructure fund and Fortis.

The ST explains that many of the assets that Macquarie bought, using debt, have now dropped considerably in value.

They claim that Macquarie’s fund are now “dumping assets at depressed prices.”

Read the full article

Sunday, 19th April, 2009 12:22pm

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Filed under: Business, Overseas

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2 Comments on "Wightlink Owner Macquarie Sell UK Airport"

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Steve
The service provided by Wightlink, although at recently incresed prices, has now become a complete comedy. They have virtually halved the number fo fast cats in the evening periods but even more ridiculously, they have paid no attention to the connecting trains to the Portsmoth terminal or from Ryde Pierhead. A 6pm train from Waterloo on a Friday night (surely a peak time for returning weekly commuters… Read more »
Sally Perry

Wow, that’s bad news Steve. We were aware of the changes to the Fastcat timetable (see here), but disappointed to hear that it is having such a huge impact on commuters.