Macquarie Asset Management to acquire an additional 50% stake in London City Airport from Alberta Investment Management Corporation and OMERS.

Macquarie Asset Management, a global asset manager, agreed to acquire an additional 50% stake in London City Airport, London’s most central airport, from Alberta Investment Management Corporation, a Canadian crown corporation and institutional investor, and OMERS, a venture capital firm. Financial terms were not disclosed. “London City Airport is already the airport everyone loves, recognised for delivering excellence in customer service alongside unrivalled speed and convenience. This further investment from Macquarie Asset Management is a strong endorsement of our strategy to introduce new larger, quieter and cleaner aircraft, deliver more route choices for our customers, benefit our airline partners, and contribute even more to the UK economy,” Alison FitzGerald, London City Airport Chief Executive Officer.