<div id="readability-page-1">  <p><time datetime="2025-10-15T12:21:31+01:00">    Wednesday 15 October 2025 12:21 pm  </time></p>             <figure>    <div>       </div> <img width="742" height="494" src="https://imageproxy.pbkrs.com/https://www.cityam.com/wp-content/uploads/2025/10/GettyImages-2167556127-2.jpg/query-dz03NDI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.cityam.com/wp-content/uploads/2025/10/GettyImages-2167556127-2.jpg/query-dz03NDI"/>  <figcaption>London City Airport reported a surge in its profit for its latest financial year. (Photo by Leon Neal/Getty Images)</figcaption> </figure> <p>An asset management giant has become the majority owner of London City Airport after buying out some of its fellow shareholders.</p><p>Macquarie Asset Management has increased its stake in the transport airport to 75 per cent after acquiring a further 50 per cent equity stake from Alberta Investment Management Corporation and OMERS.</p><p>The move comes after Macquarie first acquired a 25 per cent stake in London City Airport earlier this year.</p><p>That deal also saw it take stakes in Bristol and Birmingham airports as well.</p><h2 id="h-britain-s-airports-are-a-key-driver-of-economic-growth">‘Britain’s airports are a key driver of economic growth’</h2><p>Alison FitzGerald, chief executive at London City Airport, said: “London City Airport is already the airport everyone loves, recognised for delivering excellence in customer service alongside unrivalled speed and convenience.</p><p>“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.”</p><p>Sara Sulaiman, a managing director at Macquarie Asset Management in EMEA, added: “Our additional investment in London City Airport underscores our commitment to the UK’s aviation sector.</p><p>“Britain’s airports are a key driver of economic growth and demand for air travel continues to increase year-on-year.</p><p>“We look forward to working in partnership with London City Airport’s management team and Wren House Infrastructure, who will remain as shareholder, to support the airport in meeting future demand as it increases the number of passengers, launches new routes to destinations across the UK and Europe, and further enhances the experience for passengers.”</p><h2 id="h-profit-takes-off-at-london-city-airport">Profit takes off at London City Airport</h2><p>The news comes after <em>City AM</em> reported that profit at the airport almost doubled in 2024 thanks to a rise in passenger numbers.</p><p>For its latest financial year, the airport’s pre-tax profit increased from £6.6m to £11.8m.</p><p>Accounts filed with Companies House also show its turnover rose from £102.6m to £115m.</p><p>Passenger traffic increased by 4.6 per cent year on year with 3.6m people traveling through the airport.</p><p>Its on time performance also increased by two per cent to 73 per cent.</p><p>Almost a year ago, the government granted the airport permission to expand capacity significantly.</p> </div>

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<p>Macquarie Asset Management has increased its stake in London City Airport to 75% by acquiring an additional 50% from Alberta Investment Management Corporation and OMERS. This follows its initial 25% stake purchase earlier this year. The airport reported a nearly doubled pre-tax profit of £11.8m for the latest financial year, with passenger traffic rising by 4.6%. The investment is seen as a commitment to enhancing the UK aviation sector and supporting future growth in passenger numbers and route offerings.</p>

Macquarie ups stake to become majority owner of London City Airport