Edinburgh Airport ‘could be sold for £2bn’ – reports

Global Infrastructure Partners (GIP) has explored a possible sale of Edinburgh Airport — with investment bankers saying it could fetch up to £2 billion, according to a number of news reports.

A potential sale of Edinburgh Airport was cancelled in 2017 by GIP because Brexit uncertainties would have affected the price tag.

GIP bought Edinburgh Airport for £807 million from BAA more than five years ago.

GIP sold London City Airport last year to a consortium including Canada’s Borealis Infrastructure and Ontario Teachers’ Pension Plan for more than £2 billion, having bought it for £742 million in 2006, according to Reuters.

Bankers said the Edinburgh Airport valuation concerns arose because of uncertainty over the UK’s access to Europe’s aviation market if the UK left the EU.

GIP declined to comment.