Edinburgh-4
Join Date: Mar 2008
Location: LV
Posts: 2,296
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Mar 2013
Location: UK
Age: 53
Posts: 1,418
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Mar 2009
Location: Scotland
Posts: 226
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Oct 2021
Location: Edin
Posts: 420
Likes: 0
Received 0 Likes
on
0 Posts
TK
Operating EDI-Antalya direct on next two Saturdays. Using a Max9. This in addition to SunExpress. I assume their must be high demand for some autumn sun. They are also using a A332 on tomorrow’s IST service. Booked full in economy and only 3 J seats left.
Operating EDI-Antalya direct on next two Saturdays. Using a Max9. This in addition to SunExpress. I assume their must be high demand for some autumn sun. They are also using a A332 on tomorrow’s IST service. Booked full in economy and only 3 J seats left.
Join Date: Jan 2017
Location: Earth
Posts: 112
Likes: 0
Received 0 Likes
on
0 Posts
Rumours that GIP might sell the airport for up to £3 billion.
https://www.bloomberg.com/news/artic...nburgh-airport
https://www.bloomberg.com/news/artic...nburgh-airport
Global Infrastructure Partners is considering a potential sale of Edinburgh Airport in Scotland, as global air travel picks up again after the pandemic, people familiar with the matter said.
The New York-based investor is speaking with potential advisers about the feasibility of a sale next year and has informally reached out to some suitors, the people said, asking not to be identified as the information is private.
Edinburgh Airport could be valued at as much as £3 billion ($3.4 billion) in a deal, according to the people. A sale is likely to draw other infrastructure funds and financial investors keen to expand in the sector, they said.
Deliberations are ongoing and GIP could also decide against a sale, the people said. Representatives for GIP and Edinburgh Airport declined to comment.
Edinburgh Airport is Britain’s sixth-busiest with flights to more than 150 destinations. It attracted around 15 million passengers in 2019, according to its website. Those numbers cratered during the coronavirus crisis but have been recovering as travel restrictions ease around the world.
To be sure, an ongoing cost-of-living crisis and Russia’s war in Ukraine are threatening to keep UK passenger numbers below historical averages this winter.
GIP acquired Edinburgh Airport in 2012 from BAA Ltd. for about £807 million. The infrastructure fund sold a controlling stake in London’s Gatwick Airport for £2.9 billion pounds to Vinci SA in 2018.
The New York-based investor is speaking with potential advisers about the feasibility of a sale next year and has informally reached out to some suitors, the people said, asking not to be identified as the information is private.
Edinburgh Airport could be valued at as much as £3 billion ($3.4 billion) in a deal, according to the people. A sale is likely to draw other infrastructure funds and financial investors keen to expand in the sector, they said.
Deliberations are ongoing and GIP could also decide against a sale, the people said. Representatives for GIP and Edinburgh Airport declined to comment.
Edinburgh Airport is Britain’s sixth-busiest with flights to more than 150 destinations. It attracted around 15 million passengers in 2019, according to its website. Those numbers cratered during the coronavirus crisis but have been recovering as travel restrictions ease around the world.
To be sure, an ongoing cost-of-living crisis and Russia’s war in Ukraine are threatening to keep UK passenger numbers below historical averages this winter.
GIP acquired Edinburgh Airport in 2012 from BAA Ltd. for about £807 million. The infrastructure fund sold a controlling stake in London’s Gatwick Airport for £2.9 billion pounds to Vinci SA in 2018.
Join Date: Oct 2021
Location: Edin
Posts: 420
Likes: 0
Received 0 Likes
on
0 Posts
Interesting times for sure. The airport has been for sale for many years now. This is not a huge surprise. If the price is right, GIP will sell. No doubt. The big question is if a new owner has the cash and ambition to take the airport to the next level. I doubt many would disagree that the existing terminal and extension is not ideal. Massive expenditure would be required to create an airport capable of handling +15 to 20 million.
Join Date: Aug 2016
Location: Oban, Scotland
Posts: 1,842
Likes: 0
Received 0 Likes
on
0 Posts
For the past 10 years, interest rates have been zero, but no longer. If someone pays £3billion then their priority will be to pay the interest, not to invest further. A lit of businesses bought on borrowed money are, or are going to be, in difficulty.
If GIP wish to get some money back from their investment, they should sell off a proportion of the shares.
If GIP wish to get some money back from their investment, they should sell off a proportion of the shares.
Join Date: Apr 2008
Location: UK
Age: 48
Posts: 278
Likes: 0
Received 0 Likes
on
0 Posts
"big question is if a new owner has the cash and ambition to take the airport to the next level."
The main priority of a new buyer will be to get their money back ASAP - they'll be looking at "savings" ie cuts rather than more cash out
The main priority of a new buyer will be to get their money back ASAP - they'll be looking at "savings" ie cuts rather than more cash out
Join Date: Apr 2008
Location: UK
Age: 48
Posts: 278
Likes: 0
Received 0 Likes
on
0 Posts
The current list of routes and airlines is impressive and something BAA were never able to achieve at their airports in Scotland even all the money they pumped into Glasgow
"BAA were never able to achieve at their airports in Scotland "
BAA only saw Scots airports as feeders for LHR I'm afraid
BAA only saw Scots airports as feeders for LHR I'm afraid
