AviAlliance has announced new plans to invest 350 million GBP in both the growth and decarbonisation of AGS Airports over the next five years.
The announcement, which comes after the operator’s recent acquisition of the group comprising Aberdeen, Glasgow and Southampton airports, will see significant projects initiated to aid in the facilitation of AGS’ accelerated growth.
Among plans announced, AviAlliance has stated it will begin a major transformation of Glasgow Airport’s main terminal building, as well as provide funding for the expansion of airfield infrastructure and energy efficiency initiatives at the airport.
Southampton Airport will undergo a number of redevelopment works within its terminal building whilst Aberdeen Airport will see similar levels of investment in its airfield infrastructure.
The programme itself aligns with the UK Government’s industrial strategy to attract investment within the country, as well as supporting the Scottish Government’s ambition to develop both the connectivity and quality of Scottish exports.
Kam Jandu, Chief Executive of AGS Airports, said:AGS plays a critical role in driving economic and social prosperity across Scotland and the UK. 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.
In addition to the new investment plans, AviAlliance also named Charles Hammond OBE as the new Chair of AGS following his recent step down as Chief Executive of Forth Ports in 2023.
Charles Hammond OBE, Chair of AGS Airports, said:It is an absolute privilege to have been appointed Chair of AGS. I know Aberdeen, Glasgow and Southampton airports very well and I am also well aware of the critical role they play as drivers of regional economic growth across the UK.
With the £350 million investment from our new shareholders now confirmed, I am relishing the opportunity of working with the AGS board, Kam and his executive team, to ensure AGS can play an even greater role in supporting our regions to boost trade and tourism.
