AIG Financial Products (AIG-FP), a wholly-owned subsidiary of AIG, and Global Infrastructure Partners (GIP), a joint venture between Credit Suisse and GE Infrastructure, are to acquire 100% of the share capital of the company that owns and operates the business known as London City Airport (the “Airport") from Airport Management and Investment Limited. .
“I am extremely pleased that AIG Financial Products and Global Infrastructure Partners have been successful in their bid for London City Airport,” said Joseph Cassano, president of AIG-FP. “The airport has tremendous potential, and this transaction is a very tangible example of the breadth and capabilities of the AIG Financial Products platform.”
Adebayo Ogunlesi, chairman and managing partner of Global Infrastructure Partners, said, "We are pleased that London City Airport is our first investment as it is a very high quality asset which serves one of the world's most important aviation markets. We are delighted to have AIG-FP as our partner in this investment."
