Mega consortium in trouble?

The "mega" consortium chasing London City Airport might be, well, becoming a bit less "mega".

In case you don't recall, the consortium consists of an unusually large amount of constituents, including Borealis, Ontario's Teachers Pension Fund, AimCo, Hermes and Wren House, Kuwait's sovereign wealth fund. Here is a link to Betaville's original scoop on the "mega" consortium and also HNA's bid:

PSP Investments and CPP said to be interested in London City Airport

London City Airport has already generated a fair degree of interest since it first emerged its owner Global Infrastructure Partners had put it up for sale for £2 billion a couple of months ago.

Indeed, it would appear three consortia have already emerged as likely bidders for the airport at the end of the Docklands Light Railway. Those consortia are:

Severn Trent bidders come together again...

But don't get too excited - it's not with a view to buying Severn Trent for £5 billion. Well, not at the moment, at least.

My sources tell me Canada's Borealis has been working with Wren House Infrastructure Management - a specialist infrastructure investment group set up by the Kuwait Investment Authority last year - to join a consortium bidding for train leasing company Porterbrook.