27 FEBRUARY 2012

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Article from BTNews 27 FEBRUARY 2012

Edinburgh Airport sale latest

Reuters News Agency reports that BAA, the Spanish owner of Edinburgh Airport, has whittled down the shortlist of bidders to four and will accept final offers in early April.  Edinburgh was the surprise choice by BAA when it was forced to sell one of its two lowland Scottish airports by the Competition Commission.

According to sources with knowledge of events Global Infrastructure Partners (GIP), JP Morgan Asset Management and consortia led by Carlyle Group and 3i have made it to the second round after a longer list was cut down in recent days.

"They will be taken onto due diligence next and final offers are due in by early April," said the source.

Ryanair has announced that it is reducing its aircraft fleet base at the Scottish capital from seven aircraft to six and with it the loss of routes to Berlin, Malmo, Murcia, Ibiza and Tallinn.  The airline’s only other base north of the border is Prestwick, which is owned by Infratil, a New Zealand investment company which is also the landlord of Wellington International Airport and Manston Airport, Kent. www.baa.com

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