VINCI Airports acquires stake in Edinburgh Airport

Global airport investor, VINCI Airports, has acquired a 50.01% stake in Edinburgh Airport in Scotland.

It will now work in partnership with Global Infrastructure Partners on developing the gateway, which supports 28,000 jobs in Scotland and contributes £1.4 billion a year to the Scottish economy.

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.”

While airport CEO, Gordon Dewar, said:

“We welcome and look forward to working with VINCI Airports and Global Infrastructure Partners, two of the world’s most respected airport investors and operators.

“The leadership team – which remains in place – is wholly committed to working with our investors to improve customer service, accelerate our decarbonisation plans and strengthen Scotland’s connectivity with the world, which ultimately drives the country’s international competitiveness and prosperity.

“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 story.”

Bayo Ogunlesi, Global Infrastructure Partners’ chairman and CEO, noted: “We are excited to partner with VINCI, with whom we have a strong and productive strategic relationship, to continue to support Edinburgh Airport’s future growth.

“We remain committed to providing high-quality service to passengers. We are very pleased VINCI shares our vision of Edinburgh Airport’s future.”

From VINCI Airports’ perspective, Edinburgh becomes the latest airport to be added to its global airport network, which currently includes Belgrade, London Gatwick and Lisbon in Europe, Osaka and Kansai in Japan and Santiago in Chile.

Nicolas Notebaert, CEO of VINCI Concessions and president of VINCI Airports, said: “We are delighted to announce the expansion of our successful and strategic partnership with GIP to include Edinburgh Airport.

“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.

“This acquisition of a third freehold airport in the UK, in addition to London Gatwick and Belfast International, demonstrates VINCI Airports’ long term strategic ambition and continued commitment to the country.”

Go to Source...