Airport merry go round

If The Sunday Times is correct, and there is no reason not to believe it, Spanish investors belief in British airports continues.  Ferrovial, together with another UK airport investor Australia’s Macquarie, is set to take control of Aberdeen, Glasgow and Southampton Airports.  In 2006 Ferrovial became the majority shareholder in the then BAA Plc, now Heathrow Holdings Ltd where it is still the largest shareholder with 25%.

However one year previously Abertis Infraestructuras (90%) and Aena Internacional (10%), both Spanish,  took over Luton Airport from TBI a British concern.  Earlier this year Aena, brought Abertis out and is restructuring an airport much criticised by WHICH magazine.  Aena is the world's largest airport operator, with 47 airports in Spain and also Bolivia, Cuba, Colombia, Mexico, Sweden and USA.

Macquarie is able to widen its UK interest with the sale of 50% interest in Bristol Airport (See BTN 21 September)

This airport merry go round now leaves Ferrovial with an interest in Heathrow, Aberdeen, Glasgow and Southampton airports;  Manchester Airport Group (MAG) owning its home base, Stansted and Bournemouth;  Edinburgh and Gatwick and London City controlled by Global Infrastructure Partners (GIP) and Liverpool, Doncaster and Durham Tees owned by the Peel Group.  www.peel.co.uk   www.heathrowairport.com/about-us  www.aena-aeropuertos.es/csee/Satellite HomeAenaAeropuertos/en www.global-infra.com www.magworld.co.uk

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