GIP tries again to sell £2bn Edinburgh Airport

Edinburgh Airport

Edinburgh Airport is likely to be sold this year for as much as £2 billion as its New York-based owner Global Infrastructure Partners (GIP) bids to cash in on soaring valuations for aviation infrastructure, according to news reports.

GIP, which declined to comment, bought the airport from BAA for £807 million in 2012.

GIP has explored a possible sale of Edinburgh Airport in the past but a potential sale was cancelled because Brexit uncertainties were affecting the price tag.

Potential buyers of Edinburgh Airport include infrastructure funds such as Brookfield, Macquarie, APG and CKI and the Ontario Teachers’ Pension Plan.

Edinburgh Airport recently recorded the busiest ever year for a Scottish airport with more than 14 million people passing through its doors in 2018.

A total of 14,310,403 people used Scotland’s busiest airport last year, up 6.5% on the previous year. 

International growth was up 9.5% and domestic growth up almost 2%.

International passengers totalled 8,932,257 and domestic passengers numbered 5,378,146.