GIP Takes Control Of Edinburgh Airport

 

GIP Takes Control Of Edinburgh Airport

GIP Takes Control Of Edinburgh Airport

New owners Global Infrastructure Partners formally took over control of Edinburgh Airport on Friday and announced that Gordon Dewar, a former managing director of the airport, would be its chief executive.

Mr Dewar, who is currently managing director of Bahrain Airport, will return to Edinburgh Airport in the summer to take up the post.

The current managing director Jim O’Sullivan will stay on in the role until then.

GIP is an independent infrastructure fund manager. It took over London City Airport in 2006 and then bought Gatwick from BAA in 2009.

Michael McGhee, the GIP partner who led the acquisition of Edinburgh Airport, said: “Gordon is an outstanding airport executive, with relevant experience of Edinburgh Airport.

“We are pleased to have secured his return and look forward to supporting him and his team as they begin the important job of establishing Edinburgh Airport as a more dynamic, competitive player in the global aviation industry.”

Sir John Elvidge, who became Chairman of Edinburgh Airport, said the new management team was “determined to raise Scotland’s profile around the world, connect Edinburgh with more destinations, and provide passengers with a great experience and more choice.”

BAA was forced to sell Edinburgh after the Competition Commission ruled that it must sell either it or Glasgow airport.

(Airwise)



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