AviAlliance has announced plans to invest £350 million in the future growth and decarbonisation of AGS Airports over the course of the next five years following its recent acquisition of the group which comprises Aberdeen, Glasgow and Southampton airports.
AviAlliance, one of the world’s leading private airport operators, completed the acquisition of AGS Airports in January for an enterprise value of £1.53 billion and it has now outlined details of what will be the single largest capital investment programme in AGS since it was formed in 2014.
The investment will include a comprehensive transformation of Glasgow Airport’s main terminal building, airfield infrastructure and energy efficiency initiatives. Aberdeen Airport, which houses Europe’s largest heliport, will see investment in its airfield infrastructure. The £350 million will accelerate AGS’ sustainability agenda including its commitment to achieving net zero for its direct emissions by the mid-2030s.
Kam Jandu, Chief Executive of AGS Airports, said: “AGS plays a critical role in driving economic and social prosperity across Scotland and the UK. We have ambitious plans for the long-term, sustainable growth of our airports including the strengthening of our connectivity which underpins the success of the regions we serve. This significant investment will not only enhance the fabric of our airports, it will enhance the role they currently play in facilitating trade and tourism, and, importantly in generating meaningful employment across the country.”
