Aberdeen, Glasgow and Southampton Airports are set for a major funding boost.
AviAlliance, which just acquired the AGS Airport group announced plans to invest £350 million in the three airports over the next five years.
It is the biggest investment in AGS since it was established over a decade ago.
“AGS plays a critical role in driving economic and social prosperity across the UK. We have ambitious plans for the long-term, sustainable growth of our airports, including the strengthening of our connectivity,” said Kam Jandu, CEO of AGS Airports
“This significant investment will not only enhance our airports, it will enhance the role they currently play in facilitating trade and tourism, and, importantly, in generating meaningful employment.”
Southampton Airport terminal facilities will be redeveloped, while Aberdeen Airport will receive upgrades in its airfield infrastructure.
The investment will also fund further work on AGS’ sustainability agenda, to meet its net zero direct emissions goal by the mid-2030s.
AviAlliance also announced Charles Hammond OBE as the new Chair of AGS.
“With the £350 million investment from our new shareholders now confirmed, I am relishing the opportunity of working with the AGS board, Kam, and his executive team,” Hammond said.
