Airport megadeal is cleared for take-off

GLASGOW Airport is to see the "comprehensive transformation" of its departure terminal as part of a massive £350million investment in three UK hubs.

- By Ben Borland

AviAlliance finalised a deal to buy AGS, the owner of Glasgow, Aberdeen and Southampton airports, in January for a whopping enterprise value of £1.53billion.

Now the firm, owned by one of Canada’s largest pension investors, has unveiled a major upgrade package it describes as the “single largest capital investment programme in AGS since it was formed in 2014”.

It said the transformation of the main terminal building at Glasgow Airport would deliver “best-in-class operational and retail facilities for passengers”.

Other plans for Glasgow include direct investment into airfield infrastructure and energy-efficiency initiatives.