BAA to sell Edinburgh Airport
Posted: 19 October 2011 | BAA | No comments yet
Following the Competition Commission’s decision requiring BAA to sell either Edinburgh or Glasgow airport, BAA has decided to sell Edinburgh Airport…
Following the Competition Commission’s decision requiring BAA to sell either Edinburgh or Glasgow airport, BAA is today announcing 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.”