United Kingdom
United States
Asia Pacific
Aberdeen, Glasgow, and Southampton airports sold
Aberdeen, Glasgow and Southampton airports are about to get a new owner.
Private airport investor and operator, AviAlliance announced the acquisition of AGS Airports from Ferrovial and Macquarie.
The deal has an enterprise value of £1.53 billion and is still subject to regulatory approvals.
It is expected to complete in early 2025.
AGS Airports, established in 2014, operates Aberdeen, Glasgow, and Southampton airports.
AviAlliance says it will leverage its global airport expertise to responsibly develop AGS Airports.
AviAlliance is the wholly-owned airports platform of the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investors.
AviAlliance’s portfolio of four airports served a combined 73 million passengers in 2023, an increase of more than 20% on the previous year.
It manages stakes in the airports of Athens, Düsseldorf, Hamburg, and San Juan (Puerto Rico).
PSP Investments opened its second international office in London in 2016 and already has several UK investments.
Its infrastructure investments include majority ownership in Forth Ports and Angel Trains, the largest rolling stock company in the UK.
Gerhard Schroeder, Managing Director of AviAlliance, said: “Aberdeen, Glasgow and Southampton airports provide vital connectivity for communities in Scotland and the South of England.”
“AviAlliance will enable each airport to realise their full potential. We are committed to supporting the airports over the long term to expand their route networks, improve the passenger experience and implement the airports’ sustainability strategy.”
Related News Stories:
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled