Airport

All discussion around Glasgow Airport news.

Moderators: bill, Clive

Bearsden
Posts: 736
Joined: Fri May 01, 2020 7:55 pm

Re: Airport

Post by Bearsden »

As is plain to see for commentators like us, Macquarie and Ferrovial paid well over the odds to acquire Aberdeen, Glasgow & Southampton but apart from the flurry of letters in The Herald triggered by the death of a former MD there is little in the press

There is virtually no airline synergy between the three airports and each has suffered from specific issues pre COVID which have reduced traffic volumes - ABZ contraction of oil industry, GLA competition on its doorstep, SOU closure of its primary carrier

Two years to go until AGS’s debt matures in June 2024 - AGS net bank debt stood at GBP718m at March 31 2022.
Clive
Site Admin
Posts: 1486
Joined: Wed May 01, 2019 8:59 pm

Re: Airport

Post by Clive »

Bearsden wrote: Tue Jun 21, 2022 10:01 am As is plain to see for commentators like us, Macquarie and Ferrovial paid well over the odds to acquire Aberdeen, Glasgow & Southampton but apart from the flurry of letters in The Herald triggered by the death of a former MD there is little in the press

There is virtually no airline synergy between the three airports and each has suffered from specific issues pre COVID which have reduced traffic volumes - ABZ contraction of oil industry, GLA competition on its doorstep, SOU closure of its primary carrier

Two years to go until AGS’s debt matures in June 2024 - AGS net bank debt stood at GBP718m at March 31 2022.
So are you predicting a divestment and individual sales?
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