Saudi Snaps Up 10% Ownership of London Heathrow Airport

Key Points

• Saudi Arabia's sovereign wealth fund, the Public Investment Fund, will acquire a 10% stake in Heathrow Airport from Ferrovial.
• Heathrow Airport has seen a significant rise in passenger traffic, recovering its position as Europe's busiest airport post-pandemic.
• Despite increased passenger numbers, Heathrow faces financial struggles with significant debt and recent losses due to rising borrowing costs.

Summary

Saudi Arabia's Public Investment Fund is set to acquire a 10% stake in Heathrow Airport from Ferrovial, amid a complex ownership landscape including other major global investors. Heathrow has regained its status as Europe's busiest airport with a significant rise in passenger numbers, yet it faces financial challenges due to substantial debt and increased borrowing costs, resulting in recent losses.