A majority stake in Edinburgh Airport has been sold to VINCI in a billion pound deal Achi-News

READ MORE: Edinburgh Airport unveils new coffee shop Caffe Nero

Edinburgh Airport Chairman Sir John Elvidge and Chief Executive Officer Gordon Dewar, along with other key leaders, will continue in their roles.

“We are excited to partner with VINCI, with whom we have a strong and productive strategic relationship, to continue to support the future growth of Edinburgh Airport,” said Bayo Ogunlesi, GIP Chairman and CEO.

“We remain committed to providing a high quality service to passengers. We are delighted that VINCI shares our vision of the future of Edinburgh Airport.”

A major investment is planned for the airport (Image: PA)

As part of the agreement, GIP and VINCI will jointly lead the investment and development of Edinburgh Airport.

Both groups have already established a partnership in 2019 at Gatwick Airport.

Michael McGhee GIP Deputy Chairman and Founding Partner said: “This partnership underlines our commitment to Scotland and its airport capital.

READ MORE: Edinburgh Airport boss welcomes new routes in great year

“We are excited to extend our partnership with VINCI to deliver on our shared aspirations for the future of Edinburgh Airport, including our pledge to support the airport’s sustainability commitments for 2030.

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

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 fully committed to working with our investors to improve customer service, accelerate our decarbonisation plans and strengthen Scotland’s connectivity to the world, which ultimately drives the country’s international competitiveness and prosperity.

“I should like to 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 I look forward to working with them to write a new chapter, exciting in the airport’s story.”