Vinci Airports buys majority stake in Edinburgh Airport

Investment to accelerate decarbonisation of airport
/ New Delhi
Edinburgh Airport
Vinci Airports buys majority stake in Edinburgh Airport

Edinburgh Airport is Scotlan's gateway to the world

French infrastructure firm Vinci has acquired a majority stake in Edinburgh Airport in Scotland. The strategic investment will focus on accelerating decarbonisation of the airport and enhancing customer experience.
Rate this post

Vinci Airports, a subsidiary of French infrastructure giant Vinci, has paid GBP 1.27 billion to pick up a stake of 50.01 pc in Edinburgh Airport.

In a press statement, Edinburgh Airport says it welcomes the new strategic investment partnership, which will see partnership between existing shareholder Global Infrastructure Partners, the incumbent management as well as the Vinci team.

“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,” says John Elvidge, Chairman, Edinburgh Airport.

“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,’’ says Gordon Dewar, Chief Executive Officer of Edinburgh Airport.

“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,” Dewar adds.

“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,” says Bayo Ogunlesi, Chairman and Chief Executive Officer, Global Infrastructure Partners.

“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,’’ says Nicolas Notebaert, Chief Executive Officer, Vinci Concessions and President of Vinci Airports.

“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,” Notebart adds.

“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,’’ says Michael McGhee, Deputy Chairman and Founding Partner, , Global Infrastructure Partners.

“We are pleased the senior leadership team will remain in place under the chairmanship of Sir John Elvidge. Their focus remains on the long-term growth, modernisation and sustainability of the airport and on continuing to improve passenger service,” McGhee adds.

Edinburgh Airport says it supports 28,000 jobs in Scotland and contributes GBP 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.

You may also like
Taste a slice of history in Cheval Abbey Strand Apartments
Five haunted travel experiences

Leave a Reply

Get Magazine