Grupo Ferrovial to sell EDI
How deluded are the CC? EDI is a monopoly regardless of the owner. Anyone that belives that GLA and EDI will compete for traffic is ignoring the fact that EDI has the buisness market 100% sorted and GLA has the shell suits. The net result of EDI being on its own will be the closure of PIK to creat two new monopolies . One in the west and one in the east. Good bye Prestwick - you're days are numbered.
EDI is accessible by more than half the scottish population ( reasonable drive time) including a big slice of the Glasgow market. It enjoys a much better flight profile - no rapid ascents to avioid terrain and is at a hub in the motorway network - oh, and it doesn't have to compete with the west coast main line railway!
Glasgow will struggle to maintain the long haul traffic that BAA have kept there given that load factors from Edinbugh would be similar, with a higher business content. Airlines chase yield and operationa lcosts are always passed on to the customer.