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Gatwick celebrates new ownership with promise to “put passengers at heart”

London Gatwick today announced a new chapter in its ownership as VINCI Airports completed the purchase of a 50.01% stake in the airport.

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L-R - Michael McGhee, Steweart Wingate and Nicolas Notebaert

Global Infrastructure Partners (GIP) will continue to manage the remaining 49.99% interest in Gatwick. The new partnership promises continued investment to put passengers at the heart of Gatwick’s future plans.

VINCI Airports, the world’s leading private airport operator, will bring its expertise to Gatwick including a strong focus on quality of service and programme management. Now part of a global network of 46 airports in 12 countries, Gatwick teams will have access to broader opportunities particularly in international career development and in-house training. As the world’s most efficient single runway airport, Gatwick will also share best practice with VINCI Airports as the company continues to pursue its operational improvement strategy.

The completion of the transaction is the ideal opportunity for Gatwick’s shareholders to express their shared vision for the future of the airport and to announce the evolution of Gatwick’s governance based on continuity. Sir David Higgins, Stewart Wingate and Nick Dunn will remain respectively Chairman, CEO and CFO of the airport, and will be joined by Cédric Laurier, from VINCI Airports, as CTO (Chief Technical Officer).

The airport’s ambitious plans for the future remain, with a further £1.1 billion Capital Investment Programme (CIP) set to deliver a range of passenger improvements by 2023.

Nicolas Notebaert, CEO of VINCI Concessions and President of VINCI Airports, said:

“This partnership marks the beginning of a very exciting future for London Gatwick and VINCI Airports. Applying our joint skills will add significant value to both VINCI Airports and London Gatwick Airport and benefit all our stakeholders, notably airlines and passengers. Combining our expertise will further improve our operational excellence and sustain our shared vision of putting passengers’ satisfaction at the heart of everything we do.”

Sir David Higgins, Chairman, Gatwick, said:

“Today’s announcement marks an exciting new era for Gatwick, its airlines and passengers. We welcome VINCI Airports to Gatwick and are grateful for this strong vote of confidence in Gatwick and the UK.”

Stewart Wingate, Chief Executive Officer, Gatwick, said:

“Today is the start of a new chapter for Gatwick, with new owners and further investment enabling the airport to continue on its successful journey. The management team and I will remain focused on delivering exceptional service to our passengers and to developing longer-term plans to grow our airport.”

Michael McGhee, GIP Partner, said:

“The GIP-VINCI partnership is focused on continuing the transformation of the airport. VINCI’s global airport expertise, coupled with GIP’s intimate knowledge of Gatwick and the UK market, offer a unique and complementary world-class airport capability to carry on delivering exceptional performance.” 

The California Public Employees’ Retirement System (“CalPERS”), as part of the 49.99% interest managed by GIP, will retain a 9.99% stake in Gatwick.

Paul Mouchakkaa, Managing Investment Director – Real Assets, CalPERS, said: “CalPERS is excited to be a part of this new chapter of Gatwick’s future.”

Since December 2009, Gatwick has grown passenger numbers from 32 million to more than 46 million in 2019, while maintaining very high passenger satisfaction scores. In December 2018, Gatwick’s Quality of Service Monitor (QSM) score was 4.29 out of 5.0 – a ten-year high.

Throughout this time, the airport has focused on delivering on its mission to be the UK’s most sustainable airport through its Decade of Change programme. Highlights include achieving a Zero Waste to Landfill accreditation from the Carbon Trust, as well as becoming a carbon neutral airport.

Gatwick has also achieved much success in growing its long haul network, with over 60 long haul routes now available across Asia, North and South America and beyond. Gatwick flies to more destinations than any other UK airport. Recent route launches include Shanghai, Rio De Janeiro and San Francisco.

This has been supported by strong levels of investment in airport facilities, with more than £2 billion spent on improving Gatwick since 2009 including the world’s largest self-service bag drop in North Terminal, a brand-new Pier 1 and a state-of-the-art security area in both terminals, through which 95% of passengers pass through in less than five minutes.

The airport also continues to look to the future and recently consulted on its Draft Master Plan for the next 15 years, looking at how Gatwick could make best use of its existing infrastructure and, notably, its existing standby runway. The final master plan is due to be published later this year.

Charity

Gatwick Express team gives cash boost to Crawley charity

The Gatwick Express team has given a local charity a cash boost following a number of staff fundraising initiatives in recent months.

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Maria Cook, Chair of Autism Support Crawley (left) takes delivery of a 'rail ticket cheque' from Gatwick Express managers

Autism Support Crawley, which supports children and adults on the autistic spectrum, has been given a generous donation of £1,931.15 thanks to kind-hearted Gatwick Express staff who have taken part in a series of activities at Gatwick Airport Station, including cake sales, a Christmas jumper competition and bucket appeals.

Station staff were delighted to be able to hand over a cheque to Autism Support Crawley on Tuesday, May 21 to the chairperson of the charity, Maria Cook.

She said:

“We are thrilled to receive such wonderful support from everyone at Gatwick Express.

“Their response to the voluntary work that we do for over 1,200 families across Sussex and Surrey is overwhelming. This will go a long way in helping us to continue to support families and work with lots of different professions to improve understanding, acceptance and inclusion in society,”she added.

Gatwick Express staff were inspired to support the charity after hosting a group from Autism Support Crawley for a ‘Try a Train’ event, during which autistic young people and adults were shown around the station to help them become more familiar and confident when travelling by train, as well as how to buy tickets to support more independent travel.

Gatwick area station manager David Stronell said:

“We’re really proud of all the work we have done to help the charity. The whole station has been involved in the fundraising.

“Since we started supporting the charity, it has sparked a lot of conversations and a lot of staff have talked about having children on the autistic spectrum. It has brought us all together and got people opening up about autism, which in turn has raised awareness for us all,” said David.

Charity trustee, member and service user Charlotte Gover said:

“The amazing donation from Gatwick Express will support so many of our families by enabling us to continue to provide information sessions, conferences, coffee mornings, evening meetings and much needed inclusive family events.”

Staff at Gatwick are now gearing up for their next fundraising events so watch this space!

This month also marks the 35th birthday of Gatwick Express and there have been plenty of activities going on to celebrate the occasion.

For more information, visit:http://www.mynewsdesk.com/uk/govia-thameslink-railway/pressreleases/gatwick-express-staff-celebrate-35-years-of-operations-2872525

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