Edinburgh Airport sale generates international interest

Edinburgh Airport is Scotland’s busiest airport and its sale has sparked interest across the globe . The government decided that it had to be sold by its current owners. There are three bidders at the moment –  Global Infrastructure Partners, JP Morgan Asset Management, and a consortium of 3i, M&G Infracapital and the Universities Superannuation Scheme. Offers have to be lodged in April, and a buyer is expected to be selected in the early summer. All bidders will be able to carry out due diligence on the airport before lodging their offers. It is believed that a fourth bidder , the Carlyle Group, the US private equity company, have pulled out of the £600 million bid battle for Edinburgh airport. Carlyle’s exit has surprised many in the industry who considered it a strong candidate, given the line-up of partners it pulled together, including the Edinburgh-based investment bank Noble Grossart, run by Sir Angus Grossart. The company was also believed to have attracted interest in joining a consortium from a number of other Scottish business leaders. But it is also understood that Sir Brian Souter, the founder of transport group Stagecoach,  did not have talks with Carlyle, despite speculation that he was involved. He has since declared that he is not taking part at this stage. Prestwick Airport is going to be transferred to a new owner as its current  New Zealand-based owner have called it an under-performing asset. Infrastructure investment company Infratil said it will also look for a buyer for Manston Airport in Kent. Prestwick, which is budget airline Ryanair’s Scottish base, has a terminal capacity of three million and is situated in Ayrshire, about 45 minutes from Glasgow. Iain Cochrane, chief executive of Glasgow Prestwick airport, said: “At the Infratil Investor Day today in New Zealand, it was announced that Infratil intends to sell both Glasgow Prestwick and Manston airports. “This decision comes from a re-focusing of Infratil’s investment profile and has been under consideration for some time. It’s consistent with Infratil chief executive Marco Bogoievski’s public comments over recent months. “Prestwick is a great airport with a great team and a great future. I believe this is an excellent opportunity for us to attract new investment into the airport to provide the stimulus for future growth. “Today, it’s business as usual as the busy summer season approaches and we’re totally focused on looking after our customers.”

New video screensavers – Falkirk Wheel

Just over 5 years ago I uploaded a video of  the Falkirk Wheel and since then it has received nearly 300,000 views online . I have now decided to release a unique video screensaver of the Wheel . My video shows the wheel turning and transporting a canal boat from one canal to the other . I have speeded up the video as it takes about 5 minutes for the whole transfer to take place . The Wheel is one of the Millennium projects funded in Scotland.The Millennium Link was an ambitious £84.5m project with the objective of restoring navigability across Scotland on the historic Forth & Clyde Canal and Union Canal, providing a corridor of regenerative activity through central Scotland. A major challenge faced, was to link the Forth and Clyde Canal, which lay 35m (115ft) below the level of the Union Canal. Historically, the two canals had been joined at Falkirk by a flight of 11 locks that stepped down across a distance of 1.5km, but these has been dismantled in 1933, breaking the link. Completion of The Millennium Link project was officially marked by Her Majesty The Queen on 24 May 2002 at The Falkirk Wheel. I have also published stock videos of Scotland on my stock pictures website. Contact Airport taxi transfers Falkirk for details of transfers from Edinburgh Airport to the Falkirk Wheel