Gatwick Airport claims improved service under its new ownership has attracted more airlines, including Air Berlin and Air Asia X, and encouraged British Airways and easyJet to increase flights from the airport. A consortium led by Global Infrastructure Partners bought the company in December 2009 as part of a £1.5 billion deal after the UK Competition Commission prompted BAA to dispose of it. The consortium completed a £1.5 billion debt refinancing this year to help fund £1 billion of new facilities planned for the airport, which serves 32m passengers a year. Chief executive Stewart Wingate reported sales of £476.3m in 2011.
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