All but one U.S. commercial airport are owned and operated by public entities, including local, regional or state authorities with the power to issue bonds to finance some of their capital needs. Airports are landlords.
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Who owns the airports? Since the British Airport Authority (BAA) was privatised in 1986, the state does not own any of the airports in the UK. Heathrow is now owned and run by Heathrow Airport Holdings Limited (formerly BAA), which is in turn owned by FGP Topco Limited, a consortium led by Ferrovial SA of Spain.
In the US, almost all major airports are government-owned – usually by the local federal or city government. In New York, for example, JFK and La Guardia airports are owned by the City of New York. Newark is owned by the cities of Newark and Elizabeth.
The airport is owned and operated by Gatwick Airport Limited, a wholly-owned subsidiary of Ivy Holdco Limited, owned by Global Infrastructure Partners (GIP), among others.
Manchester Airport Holdings Limited, trading as MAG (originally Manchester Airports Group) is a holding company which is owned by the ten metropolitan borough councils of Greater Manchester, in North West England, and Australian investment fund IFM Investors.
Therefore, the greater the number of flights, the higher the profitability. This is because airports generate revenue through various sources, such as landing fees, terminal fees, and passenger charges.
1. King Fahd International Airport in Dammam, Saudia Arabia (DMM)—300 square miles. Despite its massive size, on the civilian side, King Fahd International Airport, with 10 million passengers annually, is a much smaller player; the other main Saudi Arabia airports, in Riyadh and Jeddah, outrank it in passenger traffic.
In October 2012, 10% of Heathrow Airport was sold to the China Investment Corporation - China's sovereign wealth fund. The deal took ownership of Britain's busiest airport to more than 40% controlled by the Chinese, Qatari and Singaporean governments.