Wednesday, 19 October 2011

Edinburgh Airport to be sold by BAA

BAA have announced that Edinburgh Airport is to be sold following the Competition Commision's ruling that it must dispose of one of its Scottish airports.Despite Edinburgh airports having a greater number of flights and larger passenger numbers, BAA has decided to retain Glasgow as its major presence in Scotland.

BAA hope to agree a sale by Summer 2012 after putting the airport on the market in the new year.

Commenting on the announcement, 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.”

Jim Sullivan, Managing Director of Edinburgh Airport admitted that he would be sorry to be leaving BAA owners but was confident in his team at the airport to "continue to deliver for its passengers, the city and Scotland as a whole.”

No comments:

Post a Comment