Edinburgh

[atuk]

Orlando starts in June. Unless the pound vs dollar rate improves trans Atlantic services will mainly be inbound business, not outbound.

Before anyone gives me pelters although the pound vs euro rate is weak it’s been much worse and hasn’t fallen by the same level as the dollar. It’s also much stronger against the Euro and Yen showing how the USA currency it at its strongest levels for many decades.

[billyg6]

Global Infrastructure Partners is considering a potential sale of Edinburgh Airport in Scotland, as global air travel picks up again after the pandemic, people familiar with the matter said.

The New York-based investor is speaking with potential advisers about the feasibility of a sale next year and has informally reached out to some suitors, the people said, asking not to be identified as the information is private.

Edinburgh Airport could be valued at as much as £3 billion ($3.4 billion) in a deal, according to the people. A sale is likely to draw other infrastructure funds and financial investors keen to expand in the sector, they said.

Deliberations are ongoing and GIP could also decide against a sale, the people said. Representatives for GIP and Edinburgh Airport declined to comment.

Edinburgh Airport is Britain’s sixth-busiest with flights to more than 150 destinations. It attracted around 15 million passengers in 2019, according to its website. Those numbers cratered during the coronavirus crisis but have been recovering as travel restrictions ease around the world.

To be sure, an ongoing cost-of-living crisis and Russia’s war in Ukraine are threatening to keep UK passenger numbers below historical averages this winter.

GIP acquired Edinburgh Airport in 2012 from BAA Ltd. for about £807 million. The infrastructure fund sold a controlling stake in London’s Gatwick Airport for £2.9 billion pounds to Vinci SA in 2018.

AGS should be looking at this situation , selling Glasgow for a fraction of the £billions that Edinburgh is worth, to the buyers interested. Same catchment area.

[Clive]

Funny if GIP sell EDI then buy GLA.

[hads]

Even funnier if they bought Prestwick.

[Clive]

Even funnier if they bought Prestwick.

[Paris]

Even funnier if they bought Prestwick.

They’re doing a fine job at EDI, wouldn’t put it past them to do well at PIK … Squeeze GLA operation from both sides. Very, very extreme long shot, I’d have thought.

[Clive]

Much to ruminate on here:

https://centreforaviation.com/analysis/ ... rth-626216

[Clive]

Interesting that Swiss are converting ZRH-BRS to year round. Wonder if Edelweiss' ZRH-EDI could be transferred to mainline on the A220 or by Helvetic on the E190-E2. There is a fair amount of banking traffic between the two that probably isn't that well captured by Edelweiss.

Banking traffic.

[Sharpal7]

Much to ruminate on here:

https://centreforaviation.com/analysis/ ... rth-626216

A very interesting read and gives a good insight into ownerships of the airports.

The Glasgow Airport description below (shown when you hover over the name) is obviously way out of date, so other fact checking may be required:

"Serving what is officially Scotland’s largest city, Glasgow Airport is Scotland’s leading long-haul airport with a choice of services to the Middle East, the Gulf, Asia, Australasia and North America. The airport also serves the islands of Scotland as well as a range of European destinations. The airport is owned by AGS Airports Limited."

[GeorgeNTravels]

Much to ruminate on here:

https://centreforaviation.com/analysis/ ... rth-626216

A very interesting read and gives a good insight into ownerships of the airports.

The Glasgow Airport description below (shown when you hover over the name) is obviously way out of date, so other fact checking may be required:

"Serving what is officially Scotland’s largest city, Glasgow Airport is Scotland’s leading long-haul airport with a choice of services to the Middle East, the Gulf, Asia, Australasia and North America. The airport also serves the islands of Scotland as well as a range of European destinations. The airport is owned by AGS Airports Limited."

In the articles defence AGS and GLA still claim they are Scotland's leading long haul airport and serve over 100 destinations, however, I do agree they could have double checked that.