London’s Stansted Airport is to be sold to Manchester Airports Group for £1.5 billion ($2.38 billion). The deal announced late on Jan. 18 will see the U.K.’s fourth busiest airport in term of passenger and main low-fare airline gateway transfer to the owner of Manchester, East Midlands and Bournemouth Airport by the end of February. Negotiations have been under way for around five months and follow the U.K. Competition Commission’s July 2011 ruling that the then-British Airport ...
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