AviAlliance acquires Aberdeen, Glasgow and Southampton Airports

Passenger Terminal Today
Elizabeth Baker
14 November 2024

Airport investor and operator AviAlliance has acquired Aberdeen, Glasgow and Southampton (AGS) Airports from Ferrovial and Macquarie for an enterprise value of £1.53bn (US$1.9bn). The transaction is subject to regulatory approvals and is expected to complete in Q1 2025.

The future of AGS Airports with AviAlliance

According to the companies, AGS Airports benefits from strong fundamentals and a continued demand for business and leisure travel, which is expected to drive growth in domestic and international passenger traffic. The airports contribute approximately £2bn (US$2.5bn) in gross value added to the UK economy per year and support more than 30,000 jobs across their supply chain.

AviAlliance will leverage its airport expertise to develop AGS Airports, enhance air connectivity, improve the passenger experience and support local communities. AviAlliance is the wholly owned airports platform of the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investors. Founded in 1997 and acquired by PSP Investments in 2013, it has a portfolio of four airports that together served 73 million passengers in 2023, an increase of more than 20% compared with 2022.

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