New strategic partnership at Edinburgh Airport

• Edinburgh Airport welcomes new strategic investment partnership

• VINCI Airports will acquire 50.01% of Edinburgh Airport

• Leadership team remains in place, working with VINCI Airports and Global Infrastructure Partners

Edinburgh Airport has today (17 April, 2024) welcomed the investment partnership announced by Global Infrastructure Partners and VINCI Airports.

Sir John Elvidge, chairman of Edinburgh Airport, said:

“We are pleased to welcome VINCI Airports to Scotland and recognise that this is a significant vote of confidence in Scotland, and the future of its capital city airport.”

Gordon Dewar, chief executive officer of Edinburgh Airport, said: “We welcome and look forward to working with VINCI Airports and Global Infrastructure Partners, two of the world’s most respected airport investors and operators.

“The leadership team - which remains in place - is wholly committed to working with our investors to improve customer service, accelerate our decarbonisation plans and strengthen Scotland’s connectivity with the world, which ultimately drives the country’s international competitiveness and prosperity.

“I should thank the whole team at Edinburgh Airport for the contribution they have made to our success over the last 12 years since GIP acquired the airport and look forward to working with them to write a new, exciting chapter in the airport’s story.”

Bayo Ogunlesi, Global Infrastructure Partners’ Chairman and Chief Executive Officer, said:

“We are excited to partner with VINCI, with whom we have a strong and productive strategic relationship, to continue to support Edinburgh Airport’s future growth.

“We remain committed to providing high-quality service to passengers. We are very pleased VINCI shares our vision of Edinburgh Airport’s future.”

Nicolas Notebaert, Chief Executive Officer of VINCI Concessions and President of VINCI Airports, said: “We are delighted to announce the expansion of our successful and strategic partnership with GIP to include Edinburgh Airport.

“Together with GIP, VINCI Airports will continue the strategy of growing connectivity and developing commercial activities, whilst also leveraging VINCI Airport’s international expertise to accelerate decarbonization and continually improving customer experience.

“This acquisition of a third freehold airport in the UK, in addition to London Gatwick and Belfast International, demonstrates VINCI Airports’ long term strategic ambition and continued commitment to the country.”

Michael McGhee, Global Infrastructure Partners’ Deputy Chairman and Founding Partner, said:

“This partnership underlines our commitment to Scotland and its capital city airport. We are excited to extend our partnership with VINCI to deliver on our shared aspirations for the future of Edinburgh Airport, including our promise to support the airport’s 2030 sustainability commitments.

“We are pleased the senior leadership team will remain in place under the chairmanship of Sir John Elvidge. Their focus remains on the long-term growth, modernisation and sustainability of the airport and on continuing to improve passenger service.”

Edinburgh Airport supports 28,000 jobs in Scotland and contributes £1.4 billion a year to the Scottish economy. Working with 35 airlines, the airport connects Scotland to 155 destinations in the UK and around the world.

Background

About Edinburgh Airport

Edinburgh Airport is Where Scotland Meets The World. As Scotland's busiest airport, it will welcome almost 15 million people through its doors in 2024 thanks to its global connectivity. It connects with major hubs in the UK, Europe, USA, and the Middle and Far East, ensuring seamless connections for travellers.

Working with 35 airlines and flying to 155 destinations, the airport is a major economic driver for Scotland. A report from BiGGAR economics in 2020 found that Edinburgh Airport generated £1.4 billion Gross Value Added (GVA) and 28,000 jobs in the Scottish economy. The airport strives to build on that contribution and grow responsibly through its Greater Good sustainability strategy, ensuring a sustainable future for aviation in Scotland and for the airport and the people it benefits.

About Global Infrastructure Partners

Global Infrastructure Partners (GIP) is a leading infrastructure investor that specialises in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors. With decarbonisation central to our investment thesis, we are well positioned to support the global energy transition. Headquartered in New York, GIP has offices in Brisbane, Dallas, Hong Kong, London, Melbourne, Mumbai, Singapore, Stamford and Sydney.

In aviation, GIP is also a major investor in Gatwick Airport, Sydney Airport and Signature Aviation.

In Scotland, GIP is invested in Edinburgh Airport, Crosswind Developments, Scotland Gas Networks owner SGN and Clydeport owner Peel Ports.

GIP has approximately $112 billion in assets under management. Our portfolio companies have combined annual revenues of approximately $73 billion and employ over 115,000 people. We believe that our focus on real infrastructure assets, combined with our proprietary origination network and deep operational expertise, enables us to be responsible stewards of our investors' capital and to create positive economic impact for communities.

For more information, visit www.global-infra.com

About VINCI Airports

The world’s leading private airport operator, VINCI Airports operates more than 70 airports in 13 countries. Thanks to its expertise as a global integrator, VINCI Airports develops, finances, builds and manages airports by providing its investment capacity and its know-how in optimising operational performance, modernising infrastructure and managing their operations and environmental transition. VINCI Airports is the first airport operator to have committed to an international environmental strategy in 2016, to achieve the goal of net zero emissions across its entire network by 2050.

For more information:

www.vinci-airports.com