GLASGOW Airport has recently been taken over as part of AviAlliance’s £1.53bn acquisition of AGS Airports.
AGS now owns and operates Glasgow, Aberdeen and Southampton airports.
AviAlliance is a wholly-owned subsidiary of PSP Investments, one of Canada’s largest pension investors, which is a long-standing investor in UK infrastructure with majority stakes in the port operator Forth Ports.
Following the takeover, Glasgow will join the company’s global airport network, including stakes in Athens, Düsseldorf, Hamburg, and San Juan (Puerto Rico) airports.
Gerhard Schroeder, managing director of AviAlliance, said: “We are delighted to formally welcome AGS Airports into the AviAlliance family and look forward to developing a constructive and long-lasting partnership with all three airports.
“Aberdeen, Glasgow and Southampton airports are excellent assets with strong growth potential that will benefit significantly from the forward-thinking exchange of expertise in growing connectivity, expanding passenger numbers and delivering superior passenger experience from across our world-class airport portfolio.”
Kam Jandu, incoming CEO of AGS Airports, said: “I am both delighted and grateful to have been given the opportunity to lead and support AGS Airports on the next exciting phase in their growth strategy.
“Aberdeen, Glasgow and Southampton airports offer unique propositions and catchment areas which present growth opportunities for airlines and other business partners alike.
“Working with the great people we have across the group and airports we aim to further improve their economic impact in a sustainable manner for the benefit of all stakeholders.
“I am looking forward to continuing the excellent achievements that have already been reached in this regard and to delivering the ambitious plans in the years ahead.”
