AviAlliance announces £350m investment plans for AGS Airports for “a superior passenger experience”

The following article was published by Future Travel Experience

AviAlliance has announced plans to invest £350 million in the growth and decarbonisation of AGS Airports over the next five years, including a comprehensive transformation of Glasgow Airport’s main terminal.

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 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.

“AGS plays a critical role in driving economic and social prosperity across Scotland and the UK,” said Kam Jandu, Chief Executive, AGS Airports. “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.”

Aligned to anticipated passenger growth, the £350 million investment will help facilitate the accelerated growth of AGS. Included within the investment will be a comprehensive transformation of Glasgow Airport’s main terminal building, delivering best-in-class operational and retail facilities for passengers. The programme will also direct investment into airfield infrastructure and energy efficiency initiatives. Not only will this significantly enhance the passenger experience, it will also ensure the airport is equipped to meet the growing and future demand from both customers and airline partners.

Southampton Airport will undergo redevelopment works within its terminal while Aberdeen Airport will see investment in its airfield infrastructure. Importantly, the £350 million will accelerate AGS’ sustainability agenda, including its commitment to achieving net zero for its direct emissions by the mid-2030s.

“AviAlliance takes a long-term view across all the airports within our portfolio and this investment will assist AGS in accelerating its plans for delivering a superior passenger experience and growing connectivity,” said Gerhard Schroeder, Managing Director, AviAlliance. “We are looking forward to working with AGS’ regional and national partners over the coming years to realise the full and undoubted potential of Aberdeen, Glasgow and Southampton airports.”

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AviAlliance announces £350m investment plans for AGS Airports for “a superior passenger experience”