A majority of Gatwick Airport has been sold to France-based Vinci Airports, which manages the development and operations of 45 airports in Europe, Asia, and North and South America. The purchase price for just over a 50 percent stake was $3.67 billion, with the deal expected to close in the first half of 2019. Gatwick handled more than 46 million passengers last year, offering departures to 228 destinations in 74 countries. The airport operates the busiest single runway in the world. Stewart Wingate, CEO of the airport, said he and the senior management team will remain in place and that there would be no immediate changes to the running of the airport. He added, “This is good news for the airport as it will mean both continuity but also further investment for passengers over the coming years to improve our services further.”