Edinburgh airport

GIP takes over Edinburgh Airport

Edinburgh Airport has been taken over by Global Infrastructure Partners (GIP) in an £807.2 million deal.

Gordon Dewar, a former managing director of the airport, has been appointed chief executive officer.

He is currently CEO of Bahrain International Airport and will rejoin Edinburgh Airport in the summer, with the airport’s current managing director, Jim O’Sullivan, continuing in his role till then.

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

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

GIP took ownership of the airport this week after buying it from BAA in an arrangement announced in April.

“I am excited to be returning to one of the most important jobs in the capital,” said Dewar, who was managing director of Edinburgh Airport between 2008 and 2010.

“The challenge of leading the airport and the team into a new era of competition and growth is an irresistible one, and very different to the role I once played in BAA.”

Sir John Elvidge, who became chairman of Edinburgh Airport this week, said: “Today represents the opening of a new, exciting chapter in the history of Scotland’s capital city airport.

“We don’t expect to change overnight, but we have an excellent, supportive owner and a world-class management team; each of us is determined to raise Scotland’s profile around the world, connect Edinburgh with more destinations, and provide passengers with a great experience and more choice.”

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