Aberdeen, Glasgow, and Southampton airports sold

Thursday, 14 Nov, 2024 0

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.”

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.

To say Sweden is fit for a fairy tale is not overstating it—the palaces dazzle, the boreal forests are brimming...

Central Florida’s Polk County is conveniently located between Orlando and Tampa, and an easy drive to Central Florida attractions and...

From the beginning, ATI’s philosophy has been “innovation, not duplication.“ Developing specialized technology solutions to connect over 30,000 accommodation, attracti...

Classic Collection is where travel expertise and personal service combine to create the perfect luxury holiday. Our travel agent partners...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools...

At Wilderness Safaris we believe in creating life-changing journeys and have been doing so for over 39 years. Our purpose...

Discover Sarawak Revealing a side of Asia unlike anywhere else, Sarawak offers an alternative for those seeking humble authenticity far...

Air Transat is Canada’s number one leisure airline. It flies to some 60 international destinations in more than 25 countries...

Ensuring our guests have an unforgettable experience while sailing with us is paramount; however, your health and safety remains our...

Global Hotel Alliance brings together a unique collection of independent hospitality brands for GHA DISCOVERY, a multi-brand loyalty programme. GHA...

City Cruises is a leading operator of sightseeing, dining and charter services operating in London, York and Poole. We offer...

Arival advances the business of creating amazing in-destination experiences. We provide events, insights, and community for creators and sellers of...

Celebrating its 30-year anniversary in 2022, Regent Seven Seas Cruises® offers guests An Unrivaled Experience® with every luxury included. Carrying...