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NEWS Last modified on December 18, 2014

Sale completed of Aberdeen, Glasgow and Southampton airports

Heathrow Airport Holdings Limited has today completed the sale of Aberdeen, Glasgow and Southampton airports to a consortium formed by Macquarie, Ferrovial, and Real Assets (MIRA).

In October, it was announced they had bought the three UK regional airports, for more than €1.3 billion.

The deal will see a 50:50 partnership between Ferrovial, through its subsidiary Ferrovial Aeropuertos, and Macquarie European Infrastructure Fund 4 (MEIF4).

The three gateways will continue to be managed locally to meet the needs of their local communities, with the added benefit of being supported by the joint ownership of Ferrovial and Macquarie.

John Holland-Kaye, chief executive of Heathrow, explains: “Aberdeen, Glasgow and Southampton airports and their people have been part of our company for a long time.

“They are great airports and we are proud of their achievements. We wish the new owners and our airport colleagues every success and are confident the airports will continue to flourish.

“This sale enables us to focus on improving Heathrow for passengers and winning support for Heathrow expansion. Heathrow is the UK’s only hub airport, connecting all of Britain to global growth and bringing economic benefits locally and nationally."

Glas

Glasgow MD Amanda McMillan will become chief executive of the new AGS Airports Limited, which has been formed as part of the partnership between Ferrovial and Macquarie Infrastructure and Real Assets (MIRA).

Amanda will work closely with AGS’ chair Sir Peter Mason to oversee operations while allowing each airport to be managed locally. Her role will include management of the Glasgow-based Support Services team, providing centralised coordination, as well as further strengthening the external relationship of the group and assisting shareholders in governance and planning.

Amanda retains her full-time role as MD of Glasgow, focused on maintaining momentum set by the airport’s best year since 2008. Carol Benzie and David Lees remain MD of Aberdeen and Southampton respectively.

Sir Peter Mason, says: “I look forward to working with Amanda, as well as the MDs of Aberdeen and Southampton as we look to continue the growth of the three airports, which are both vital to their communities and key destinations for national and international travellers.

"Amanda has been part of the group for eight years and is well respected both internally and externally. She will play a key role as we look to grow passenger numbers and routes at the airports.”

Amanda McMillan joined Heathrow Airport Holdings from Diageo in October in 2005, initially working in the Business Support Centre before moving to Glasgow Airport in September 2006.

She says: “This is a great opportunity at a very exciting time in the development of our airports. In addition to continuing as managing director of Glasgow Airport, my role will be to support the new owners and local management, while allowing the airports to operate individually.”

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