3 UK Airports up for sale

[YorkRailFan]

London City, Birmingham and Bristol Airports are reportedly up for sale:

Following on from the news earlier in November 2024 that three UK regional airports have been sold to Canadian investment firm AviAlliance, it has been reported that three more airports are being put up for sale by their current owner. Birmingham (BHX), Bristol (BRS), and London-City (LCY) airports have reportedly been offered for sale by their Canadian pension fund owner as they seek to cash in on the resurgence in demand for air travel to and from the UK.

According to reports, the Ontario Teachers’ Pension Plan (OTPP) is currently engaged in talks over a potential sale of its stakes in the UK airports to minority shareholders. The OTPP’s portfolio, which also includes Copenhagen (CPH) and Brussels (BRU) airports, is estimated to be worth more than $12.6 billion, according to the Sunday Times, which first broke the story.

OTPP, which holds stakes ranging from 25% to 70% in each of the three airports, had made offers to the minority shareholders which have the right of first refusal for 30 days. However, analysts say that OTPP selling up could prompt the other stakeholders to also consider selling their shares, particularly if any potential buyer is seeking a controlling interest.

Reports state that OTPP has begun the process of approaching potential outside bidders who may be interested in buying the Canadian organization out. One such party could be the Australian investor Macquarie, which itself has been active in the airports sector in the past. Current estimates of the value of the three airports vary. However, airports in general are experiencing surging business and elevated values as demand for air travel continues to soar in the post-pandemic era.

Three more UK regional airports put up for sale by owners

Three more UK airports have been put up for sale by their Canadian owners seeking to cash in on the travel boom

www.aerotime.aero

Three lucrative airports, City has recently been granted an expansion in its passenger cap, Bristol is a big regional hub for the South West and Birmingham of course serves the major population center of the West Midlands. I can definitely see some interested buyers.

 

[GRALISTAIR]

Nice geographical spread too.

 

[yorksrob]

One might ask why Britain isn't cashing in on this travel boom.

More "free market" claptrap.

 

[deltic]

Still think London City airport would be worth more if it was developed for housing.