The London City airport will be bought by a consortium that includes the Ontario Teachers’ Pension Plan, the Alberta Investment Management Corporation and Borealis Infrastructure, which manages infrastructure investments for the Ontario Municipal Employees Retirement System, reports the Financial Times.

The price tag is reported to be around £2 billion.

The Financial Times says the largest airline at the airport, British Airways, has threatened to withdraw a large part of its aircraft from London City if its new owners increase airline charges to cover the high price of the sale.

Read the full story here.

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