Airport operator AviAlliance, has completed the acquisition of AGS Airports, the operator of Aberdeen, Glasgow and Southampton airports in a deal valued at £1.53 billion, having received all relevant regulatory approvals. The airports were bought from previous operator Ferrovial and Macquarie which had owned them since 2014.
Following the acquisition, Kam Jandu has been appointed CEO of AGS Airports with immediate effect. Kam brings three decades of experience in senior roles in the aviation and travel industries, having most recently served as CEO of Budapest Airport.
READ: Budapest Airport sold to Vinci consortium
Kam Jandu will succeed Andy Cliffe who departs AGS Airports by mutual consent. Cliffe has agreed to support Kam to ensure an orderly leadership transition.
Canada-based AviAlliance is a wholly-owned subsidiary of PSP Investments, one of Canada’s largest pension investors, which is a long-standing investor in UK infrastructure with majority stakes in the port operator Forth Ports, one of the UK’s largest port groups and Angel Trains, the largest rolling stock company in the UK.
Gerhard Schroeder, Managing Director of AviAlliance, said: “We are delighted to formally welcome AGS Airports into the AviAlliance family and look forward to developing a constructive and long-lasting partnership with all three airports. Aberdeen, Glasgow and Southampton airports are excellent assets with strong growth potential that will benefit significantly from the forward-thinking exchange of expertise in growing connectivity, expanding passenger numbers and delivering superior passenger experience from across our world-class airport portfolio. I also wish to thank Andy for his leadership of AGS Airports which has positioned the airports it operates for strong growth and look forward to working with Kam on the execution of our vision.”
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