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Old 8th Oct 2022, 10:33
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Originally Posted by GrahamK View Post
The large Pakistani population is on the west coast though. Suspect they will continue to fly Emirates
and noone really relishes the VFR infrequent high luggage delayed flights. Oh and those cabins post flight…
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Old 8th Oct 2022, 10:35
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Originally Posted by inOban View Post
As already reported on the SOU thread, Loganair are increasing flights to Southampton from both EDI and Glasgow to 5/day, 30/week. They're also increasing EXE to twice daily and adding a fourth flight to Bergen next summer. An additional EMB145 will be based at EDI.
There is never 10 flights per day demand from Central Belt to SOU. Something will give if this is a spoiler pre- BE2
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Old 8th Oct 2022, 11:36
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Aren't there already 8 flights/day?
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Old 11th Oct 2022, 12:20
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Originally Posted by Planeraz View Post
VS - MCO. Currently on sale for S23 but VS is well known for doing random things. Time will tell if this is good enough to retain the route in the long run.
Looks like the start of this flight has been delayed until Wednesday 21st June, as part of a wider series of schedule adjustments referred to here:
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Old 14th Oct 2022, 20:11
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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.
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Old 17th Oct 2022, 17:35
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Rumours that GIP might sell the airport for up to £3 billion.

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.
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Old 17th Oct 2022, 17:43
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GIP have done an excellent job with it. To cash out with over 2.5bn worth of profit on their initial purchase would be some going.
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Old 17th Oct 2022, 17:56
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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.
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Old 17th Oct 2022, 22:49
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Originally Posted by inOban View Post
Aren't there already 8 flights/day?
Most weekdays, yes. This does look like an attempt by LOG to dent demand for BEE before they start. One suspects BEE will be significantly cheaper though, and the Q400 is only about 5-10 mins slower than the EMB on those routes.
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Old 18th Oct 2022, 01:20
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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.
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Old 18th Oct 2022, 07:55
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How much debt is EDI carrying?
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Old 18th Oct 2022, 08:23
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Originally Posted by willy wombat View Post
How much debt is EDI carrying?
https://corporate.edinburghairport.c...stor-relations
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Old 18th Oct 2022, 08:49
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"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
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Old 18th Oct 2022, 17:36
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Originally Posted by Asturias56 View Post
cuts rather than more
Oooft don’t tell them that…
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Old 18th Oct 2022, 17:44
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Cuts in forward investment rather than cuts in the literal sense I suspect.
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Old 18th Oct 2022, 19:51
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Originally Posted by Skipness One Foxtrot View Post
Cuts in forward investment rather than cuts in the literal sense I suspect.
….yes, we got that
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Old 18th Oct 2022, 20:45
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Isn’t that rather expensive for a shopping centre with the inconvenience of a runway attached to it?
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Old 19th Oct 2022, 05:54
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Originally Posted by TriBeCa View Post
Isn’t that rather expensive for a shopping centre with the inconvenience of a runway attached to it?
Like most things in life, the value of something is what someone is prepared to pay for it.

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
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Old 19th Oct 2022, 08:34
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Originally Posted by tictack67 View Post
Like most things in life, the value of something is what someone is prepared to pay for it.

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
In fairness for most of the BAA tenure EDI wasn't the important city that it has become since devolution raised its international profile considerably.
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Old 19th Oct 2022, 08:35
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"BAA were never able to achieve at their airports in Scotland "

BAA only saw Scots airports as feeders for LHR I'm afraid
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