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Edinburgh Airport sold to London Gatwick’s owner

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A majority stake (50.01% to be precise) in Edinburgh Airport has been sold to French group VINCI Airports for £1.27 billion.

The current owner, Global Infrastructure Partners, will continue to hold the remaining minority stake.

Edinburgh Airport sold to VINCI Airports

The two companies have a similar arrangement at London Gatwick where VINCI also has 50.01% and GIP has the remainder.

Edinburgh will become the third UK airport to be controlled by VINCI, which also owns Belfast International as well as London Gatwick. VINCI operates over 70 airports globally across 13 countries.

Edinburgh is currently the sixth busiest airport in the United Kingdom, offering flights to more than 150 destinations across 40 airlines. An agreement has been reached on the future investment in, and development of, the airport. The existing management team is remaining in place.

Comments (41)

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  • Colin MacKinnon says:

    Off to EDI in a few minutes! On my way to AeroExpo at Friedrichshafen – just looking, not buying!

    • Richard says:

      Nice! Been meaning to go there for years. What is your routing as it’s not in the easiest place to get to. Would love to go next year.

      • Colin MacKinnon says:

        No LH flights into Friedrichshafen any more. So flew to Zurich, train direct from airport to Romanshorn, ferry across the lake to Friedrichshafen (stops outside Zeppelin museum) and then train to my hotel. All from airport to hotel booked on one ticket with RailEurope.

  • Malcolm says:

    Hopefully the new owners invest in baggage handling at Edinburgh. Time it takes for bags to get offloaded is usually atrocious.

    • tw33ty says:

      That’s just a number of bodies issue.

      The baggage handling companies have stripped numbers during Covid and never employed anywhere near the number of employees they had pre covid for now, despite the large numbers.

      Edi know they’ve been cutting things to the bone for sometime on their side of things, simply to make the number look better for selling.

    • dundj says:

      Unless the airport runs the handling operation, then its not their fault. In EDI’s case, direct these gripes at Swissport, Menzies or WFS who in most cases are constantly trying to hire handlers.

      • tw33ty says:

        Wfs don’t have issues, swissport and Menzies have big issues, and have been “warned” by edi a few times, but nothing happens.

        Swiss port and Menzies are allegedly trying to hire people, but the rates are well below what the guys can make elsewhere for much less physical labour, and that’s before factoring in the shifts and the poor terms and conditions offered by Swiss and Menzies.

    • BA Flyer IHG Stayer says:

      Airports provide the baggage transportation system – belts / scanning etc – but airlines contract the people who load and unload bags from planes.

      Unless the physical equipment keeps breaking down don’t blame the airport for the airlines contractors failures.

    • Bernard says:

      Blame the guy who runs Swissport.
      Same one who ran easyJet into the ground and bankrupted Southend airport people. Warwick Brady

  • tw33ty says:

    Maybe the new owners at edi wont be cutting everything to the bone like the current folk running it.

    • memesweeper says:

      Just thank your lucky stars MAG didn’t buy it 🙂

      • No longer Entitled says:

        MAG are part way through investing £1bn in MAN. Who else in the UK is investing similar sums in airport infrastructure?

        • Rob says:

          They just started construction on the next new pier.

        • TGLoyalty says:

          Yeah but it’s nice to keep banging the MAG are crap drum

        • JDB says:

          @No longer Entitled – well Heathrow obviously! Current installation of new security scanners, then new BRF and T2 baggage system which is a £1bn project. After that there will be knocking down T1, extending T2 and satellite etc. The H7 plan alone had £3.5bn of capital investment plans.

      • Lady London says:

        That was my first thought too, @memesweeper!

        Anyone but MAG Group…

  • Paul says:

    Edinburgh is an awful airport! Gatwick isn’t great either so I don’t see any upside to this purchase

  • Peggerz says:

    The whole arrival experience at EDI is pretty poor. I thought after the last injection of cash and refurbished/upgrade that work was still in progress, but no, it was finished. These stairs and tunnels are dreadful.
    The question of further expansion is always in the media. And new or returning airlines. I understand Emirates are about to announce their return ….. but this has been some wait.

    • tw33ty says:

      The arrival at edi can best be described as a cattle shed.

    • Numpty says:

      Similar thoughts, walking through Edi to collect bags i thought we had gone the wrong way or it was a temporary area we were walking through whilst construction was being completed elsewhere. Parts of the airport have a low cost carrier terminal feel to them.

      In general i have always found the terminal building to feel at capacity, or over, long security queues, lack of seats, queues for boarding spilling out onto walkways and seating areas. It’s a mess. Then add in that awful Ryanair bag drop area. To add in an Emirates flight will only add to the mess.

      • tw33ty says:

        The whole airport is basically a low cost carrier type airport set up these days.

  • Matarredonda says:

    Ironical when you think of the effort put into splitting up the old BRitish Airports Authority gor competition reasons and now they are slowly back together again.

    • Paul says:

      Indeed, privatised monopolies and we can all see how well they work.

  • Bagoly says:

    Rare common sense from HMI Hotel Group to only put the hotels with international clientele into the global branding setup.

  • Lesley says:

    The only thing Edinburgh Airport seems to be interested in is creating more shops and bars. You can hardly get to gate 6 or 10 because of them!

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