Vinci Airports has agreed to acquire 50.01% of Scotland’s Edinburgh Airport for £1.27 billion as part of a new strategic investment partnership with Global Infrastructure Partners.
Commenting on the announcement, Sir John Elvidge, Chairman of Edinburgh Airport, said: “We are pleased to welcome Vinci Airports to Scotland and recognise that this is a significant vote of confidence in Scotland and the future of its capital city airport.”
The airport’s CEO, Gordon Dewar, meanwhile described Vinci and Global Infrastructure Partners as “two of the world’s most respected airport partner investors and operators.” He also noted that the leadership team at the airport will remain in place and remains wholly committed to working with the investors to improve customer service, accelerate decarbonisation plans and strengthen Scotland’s connectivity with the world.
“I should thank the whole team at Edinburgh Airport for the contribution they have made to our success over the last 12 years since GIP acquired the airport and look forward to working with them to write a new, exciting chapter in the airport’s history.”
Nicolas Notebaert, CEO of Vinci Concessions and President of Vinci Airports added: “Together with GIP, Vinci Airports will continue the strategy of growing connectivity and developing commercial activities, whilst also leveraging Vinci Airport’s international expertise to accelerate decarbonisation and continually improving customer experience.”
Michael McGhee, Global Infrastructure Parterns’ Deputy Chairman and Founding Partner, said: “This partnership underlines our commitment to Scotland and its capital city airport. We are excited to extend our partnership with Vinci to deliver on our shared aspirations for the future of Edinburgh Airport, including our promise to support the airport’s 2030 sustainability commitments.”
Edinburgh Airport supports 28,000 jobs in Scotland and contributes £1.4 billion a year to the Scottish economy. Working with 35 airlines, the airport connects Scotland to 155 destinations in the UK and around the world.
