Edinburgh Airport will be under new ownership, that of Global Infrastructure Partners (GIP), and as a result they are setting their sights on expanding their international flights to include destinations to the Middle East. GIP currently runs London's Gatwick and London City Airports and they are paying a price of £807.2 million to take over Edinburgh from BAA. The deal is expected to be complete by the end of May.
The long-term plan under the management of GIP is to expand the range of international destinations offered from Edinburgh Airport. Laurie Price, director of aviation strategy at consultancy Mott MacDonald, said that GIP has a good track record when taking over airports in the UK, improving infrastructure and investing heavily. Gatwick Airport, since the takeover by GIP, has experienced a 15% reduction in waits in the security line, waits that are now less than two minutes on average.
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