News

BAA to Sell Edinburgh Airport

BAA to Sell Edinburgh Airport

Following the UK Competition Commission’s decision requiring the British Airports Authority to sell either Edinburgh or Glasgow airport, BAA has announced that it has decided to sell Edinburgh Airport. BAA is now commencing preparations for a sale and expects to formally approach the market in the New Year with a view to agreeing a sale by summer 2012.

BAA 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.”

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Leah Quinn Wins a Trip with Qatar Airways

Michael FloodOctober 16, 2018

Sean Doyle to Succeed Stephen Kavanagh as Aer Lingus Chief Executive

Neil SteedmanOctober 16, 2018
sarah slattery

Martin McKenna Teams Up with TheTravelExpert.ie

Neil SteedmanOctober 16, 2018

CMA Investigation Launched into Aer Lingus and CityJet Agreement

Neil SteedmanOctober 16, 2018
travel deals

Great Value Travel Deals – 16th October 2018

Sarah SlatteryOctober 16, 2018

Tobago Tourism Going Independent at WTM London

Michael FloodOctober 16, 2018

Silversea Announces Dublin as New Departure Gateway for 2019/2020

Michael FloodOctober 16, 2018

WestJet Unveils Global Future, New Brand Image

Neil SteedmanOctober 16, 2018

Shannon Airport is Headline Sponsor for Worldchoice Ireland Conference

Neil SteedmanOctober 16, 2018

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland