BAA Sells Edinburgh Airport

Airport operator BAA has agreed to sell Edinburgh Airport to Global Infrastructure Partners for $1.3 billion, USA Today and other sources are reporting.

The sale complies with an order by the Competition Commission, the U.K.'s antitrust organization, that BAA dispose of either its Edinburgh or Glasgow airports. The operator, which also owns Heathrow airport, sold Gatwick airport to Global Infrastructure Partners in 2009 but has not yet sold Stansted airport, which also serves London.

 

 

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