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I looked for a thread related Edinburgh Airport developments but could not see one.
It appears that Incheon International Airport Corp. is mulling a bid for Edinburgh Airport and is one among other potential bids.
I have to say the prospect of direct routes into Asia would be excellent.
http://www.businessweek.com/news/20...-lures-koreans-jpmorgan-said-to-mull-bid.html
:banana:
It appears that Incheon International Airport Corp. is mulling a bid for Edinburgh Airport and is one among other potential bids.
I have to say the prospect of direct routes into Asia would be excellent.
Edinburgh airport, offered for sale by BAA Ltd., has attracted interest from Korea’s biggest hub, while half a dozen financial firms including JPMorgan Chase & Co. may bid, according to people with knowledge of the auction.
Incheon International Airport Corp. is mulling an offer for the Edinburgh terminal, which BAA is selling to meet antitrust requirements, and may form a bid group with Korean institutions, Chief Executive Officer Lee Chae-Wook said in an interview.
JPMorgan’s infrastructure fund is also considering a bid for Scotland’s busiest airport, which analysts reckon may fetch 600 million pounds ($930 million), said a person familiar with the plan who declined to be named because the sale is private. Rival bids may be led by Carlyle Group, Global Infrastructure Partners Ltd. and 3i Infrastructure Plc, other people said.
“Edinburgh has a relatively wealthy catchment area and that makes it an attractive asset,” said Douglas McNeill, a transport analyst at Charles Stanley in London. “It’s a big tourist centre and the financial industry there has held up pretty well.”
Opened in 1977, Edinburgh has two runways, one terminal and serves more than 100 destinations. The airport, which boosted passenger numbers 8.2 percent to 8.8 million in the first 11 months of 2011, is being sold after BAA, also the owner of London’s Heathrow hub, lost an appeal against a breakup ordered by the U.K. Competition Commission.
“We don’t just want to invest, that’s what financial companies do,” Incheon’s Lee said today in an interview at Asia’s third-busiest airport for international flights. “We are more interested in operating the airport.”
http://www.businessweek.com/news/20...-lures-koreans-jpmorgan-said-to-mull-bid.html
:banana: