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Owner of Glasgow Airport Considering Sale

Car Hire Glasgow Airport understands that there is a chance a number of airports could be up for sale soon, as the owner wants to concentrate on its main asset. 

The owner of a number of UK airports including Glasgow Airport is considering a sale of them in excess of £1 billion in a bid to focus on the Heathrow operation and the bid for a third runway.

Heathrow Airport Holdings is believed to be holding talks with advisers with a view to seeking buyers for the airports it owns. It does seem to make sense to just concentrate on the core asset, which is Heathrow.

But air transport expert John Strickland, director of JLS Consulting, said that all three of Heathrow’s regional assets appeared to be marketable. He said, “Glasgow covers a large catchment area in the Central Belt and in a number of respects is a gateway airport, Aberdeen is a niche player but a good match with the offshore industry, and Southampton is also a good niche. It’s not all sunshine for any of them, but neither is it all rain.”

Last year Edinburgh was sold for £807 million, as GlasgowAirport flies around 7.2 million passengers the price could be upward of £600 million.