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BAA announce intention to sell Edinburgh Airport
October 19th, 2011 by elisa

Earlier this year, BAA was ordered to sell either Glasgow or Edinburgh Airport by the Competition Commission. Today it announced it is to sell Edinburgh Airport based on passenger numbers. It is expected to formally approach the market in 2012 with a view to agreeing a sale by the summer.

Chief executive Colin Matthews said: “Edinburgh is a great airport with a great team and a great future and we will be very sorry to see it leave BAA.

“We remain committed to Scotland and we will continue our long-term investment to improve passenger and airline experience at Aberdeen and Glasgow, as well as at Edinburgh until the sale is complete.

“Choosing which airport to sell has been a difficult decision. Edinburgh Airport has shown itself to be a strong and resilient asset throughout the economic downturn.

“Passenger numbers at Edinburgh have grown by more than 6% over the past year and in an uncertain market we expect it to be an attractive asset to prospective buyers.

“Glasgow Airport has great opportunities for future growth and development and we think BAA is well-placed to build on its recent success. Both airports are of national importance and have a bright future.”

Glasgow handles less passengers (6.8m compared to 9.2m at Edinburgh), but it attracts more long-haul business, making it a more attractive prospect. Passenger numbers at Glasgow have also grown 5.7% since the start of the year.

Managing director of Edinburgh Airport Jim O’Sullivan said: “Today’s announcement brings the clarification that many had been calling for and although we will be sorry to leave BAA, we do so in the knowledge we’re in an extremely strong and healthy position.

“Not only has Edinburgh Airport benefited from considerable investment in recent years but we have an excellent team in place which has been the driving force behind our success to date.

“We will now begin preparing for the sale process, but irrespective of who may own it, the team at Edinburgh Airport will undoubtedly continue to deliver for its passengers, the city and Scotland as a whole.”

Watch this space to see who will buy…

 


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