Edinburgh Airport sold for £807.2m

Edinburgh Airport sold for £807.2m

Edinburgh Airport has been sold by operators BAA for £807.2 million.  

The airport has been 100% sold to Global Infrastructure Partners (GIP), which is an investment fund founded by Credit Suisse and General Electric with money in Gatwick and London City airports. The sale is expected to close by the end of May.

“We wish the new owners every success and are confident the airport will continue to flourish,” said Colin Matthews, chief executive of BAA.

 

Kevin Thom, president of SPAA welcomed the move following GIP’s success with its London airports.

“GIP has demonstrated its willingness to invest in and improve these vital UK aviation assets – expanding runway and passenger services capacity, and improving check-in and security efficiency,” he explained. “We are hopeful that they will follow the same pro-active course with Edinburgh, and take the long term view when it comes to retaining ownership for the future”.

Gary Marshall
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Gary Marshall
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