Editing Gatwick Airport (section)

===Development since the 2000s===
On 17 September 2008, BAA announced it would sell Gatwick after the [[Competition Commission]] published a report about BAA's market dominance in London and the [[South East England|South East]]. On 21 October 2009, it was announced that an agreement had been reached to sell Gatwick to a consortium led by [[Global Infrastructure Partners]] (GIP), which subsequently also bought [[Edinburgh Airport]] in 2012,<ref group=nb>as of May 2012</ref> for £1.51 billion. The sale was completed on 3 December.<ref name=Sale>{{cite news |date=21 October 2009 |title=BAA agrees Gatwick airport sale |url=http://news.bbc.co.uk/1/hi/business/8317662.stm |work=BBC News |access-date=11 February 2014 |archive-url=https://web.archive.org/web/20091022030124/http://news.bbc.co.uk/1/hi/business/8317662.stm |archive-date=22 October 2009 |url-status=live}}</ref> In February 2010, GIP sold minority stakes in the airport of 12% and 15% to the South Korean National Pension Service and the Abu Dhabi Investment Authority (ADIA) for £100 million and £125 million, respectively. The sales were part of GIP's [[strategic management|strategy]] to [[syndicate#Finance syndicates|syndicate]] the [[equity (finance)|equity]] portion of the original acquisition by issuing [[bond (finance)|bonds]] to [[refinance]] bank debt. Although this entails bringing additional investors into the airport, GIP aims to retain [[management control]].<ref name="Gatwick_AdditionalInvestors">{{cite news| last1=Fenton| first1=Susan| last2=Roumeliotis| first2=Greg| title=Abu Dhabi wealth fund buys into Gatwick Airport| url=http://uk.reuters.com/article/us-gatwick-abu-dhabi-idUSTRE61403S20100205| access-date=11 February 2015| work=Reuters|location=London| date=5 February 2010|archive-url=https://web.archive.org/web/20150211222626/http://uk.reuters.com/article/2010/02/05/us-gatwick-abu-dhabi-idUSTRE61403S20100205| archive-date=11 February 2015| url-status=dead}}</ref><ref name="Gatwick_Securitisation">{{cite press release |url=http://www.gatwick-airport-uk.info/gatwickairport240210.html |title=Gatwick Airport News: GIP to replace bank debt with bonds |publisher=Gatwick Airport |date=24 February 2010 |access-date=15 August 2010 |url-status=dead |archive-url=https://web.archive.org/web/20110718155205/http://www.gatwick-airport-uk.info/gatwickairport240210.html |archive-date=18 July 2011 }}</ref>

The [[California]]n state pension fund [[CalPERS]] acquired a 12.7% stake in Gatwick Airport for about $155 million (£104.8 million) in June 2010.<ref name="CalPERS1">{{cite news |url=http://uk.reuters.com/article/idUKTRE65H4ZC20100618 |archive-url=https://archive.today/20130201071553/http://uk.reuters.com/article/idUKTRE65H4ZC20100618 |url-status=dead |archive-date=1 February 2013 |title=Calpers acquires 12.7 percent stake in Gatwick Airport |website=Reuters |date=15 June 2010 |access-date=15 August 2010 |first=Jim |last=Christie}}</ref> On 21 December 2010, the [[A$]]69 billion (£44 billion) [[Future Fund]], a sovereign wealth fund established by the Australian government in 2006, agreed to purchase a 17.2% stake in Gatwick Airport from GIP for £145 million. This transaction completed GIP's syndication process for the airport, reducing its stake to 42% (although the firm's extra [[Voting interest|voting rights]] meant it still controlled the airport's [[board of directors|board]]).<ref name="FutureFund">{{cite web |url=http://www.ft.com/cms/s/0/0c92adca-0c73-11e0-8408-00144feabdc0.html#axzz18lAMAJ4A |title=Future Fund gets Gatwick go-ahead |newspaper=[[Financial Times]] |location=London |date=21 December 2010 |access-date=16 November 2021 |first=Martin |last=Arnold |archive-url=https://web.archive.org/web/20101224071755/http://www.ft.com/cms/s/0/0c92adca-0c73-11e0-8408-00144feabdc0.html#axzz18lAMAJ4A |archive-date=24 December 2010 |url-status=live}}</ref>

In August 2020, the airport announced plans to cut over a quarter of its employees as a result of a planned company restructuring caused by the effects of the [[COVID-19 pandemic]]. The planned cuts will bring the total workforce of the airport to 1,900; before the start of the pandemic it was 3,300, however, an additional 785 jobs were cut earlier in 2020.<ref>{{cite news |url=https://www.ft.com/content/825ad395-2c82-4c81-a2e4-fe97b6eb238a |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/825ad395-2c82-4c81-a2e4-fe97b6eb238a |archive-date=10 December 2022 |url-access=subscription |title=Gatwick to cut a quarter of its staff as part of restructuring |newspaper=Financial Times |last=Georgiadis |first=Philip |date=26 August 2020 |access-date=26 August 2020}}</ref> In August 2021, it was reported that Gatwick's operators were in talks with lenders following posting first-half-year net losses of £ 245m.<ref>{{cite news |last1=Ralph |first1=Philip Giorgiadis and Oliver |title=Gatwick in talks with lenders as losses mount |url=https://www.ft.com/content/ccbe4745-fef0-4599-bfa9-c9470cb51f0e |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/ccbe4745-fef0-4599-bfa9-c9470cb51f0e |archive-date=10 December 2022 |url-access=subscription |newspaper=Financial Times |location=London |access-date=16 August 2021}}</ref>