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Gatwick operator snatches Edinburgh airport from BAA portfolio
Global Infrastructure Partners (GIP), which operates the UKís Gatwick and London City airports, is to acquire Scotlandís Edinburgh airport from current owner BAA for £807.2 million (US$1.3 billion).
BAA was ordered to sell either of its Glasgow or Edinburgh gateways by the EU Competition Commission after an investigation into whether its ownership of UK airports was anti-competitive.
Noting that BAA was "proud of its achievements" at Edinburgh, chief executive Colin Matthews said the sale is expected to close by the end of May.
Capable of handling up to B767-size aircraft on its 2,560-metre main runway, Edinburgh processed some 10,250 tonnes of air cargo in 2011 on an average of 311 flights a day.
Under the new owners, airport users are hoping for an increase in direct flights to long-haul destinations.
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