AIRPORT bosses have heralded an “exciting future” after a successful takeover.

A majority stake in Gatwick airport has been agreed with Vinci Airports.

The multinational company operates 46 airports in 12 other countries.

Gatwick’s majority ownership had been Global Infrastructure Partners, which will keep a 49.99 per cent stake.

The airport has seen a rise in passengers from 32 million to 46 million per year in the past decade.

Vinci Airports president Nicolas Notebaert said: “This partnership marks the beginning of a very exciting future for London Gatwick and Vinci Airports.

“Applying our joint skills will add significant value to benefit all our stakeholders, notably airlines and passengers."

Gatwick chairman Sir David Higgins said: “Today’s announcement marks an exciting new era for Gatwick, its airlines and passengers."