AGS Airports Limited is the United Kingdom-based owner of Aberdeen, Glasgow and Southampton Airports. The company was formed in September 2014 and is jointly held by Ferrovial (via Faero UK Limited) and AGS Ventures Airports Limited, an entity managed by Macquarie Infrastructure and Real Assets (Europe) Limited. Macquarie and Ferrovial have a long and successful history of partnering with each other across a number of infrastructure projects, with partnerships in airports including Bristol Airport and Sydney Airport. Both partners have developed extensive knowledge of aviation and have excellent contacts globally.
AGS Airports Limited’s total revenue for the year ending December 2019 was £217m, however the landscape has changed significantly since then. The strict travel restrictions put in place by governments in response to the Coronavirus (COVID-19) pandemic have resulted in a widespread grounding of flights.
The directors have instituted measures to preserve cash and secure additional finance. AGS Airports was recently named sector leader by the leading global sustainability organisation Global Real Estate Sustainability Benchmark (GRESB).
For the financial year ending December 2019 AGS Airports Limited posted a healthy EBITDA of £92m. In the period since then the aviation industry has faced unprecedented challenges due to outbreak of the COVID-19 pandemic. The roll out of the vaccine throughout 2021 and the gradual lifting of restrictions should indicate the resurge of demand in travel and as such the 5-year plan is to return to pre pandemic financial results. This will be a challenging yet exciting period for one of Scotland’s most high-profile businesses.
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