London Luton Acquisition Complete

www.hodsonphotography.comLondon Luton Airport Operations Ltd (LLAOL) has announced the completion of its acquisition by Ardian and AENA Group (AENA).
Ardian is an independent private investment company, and AENA is the Spanish airports and air navigation group.
A press release from London Luton said its new owners were attracted to LLAOL by the strong growth in passenger numbers, which grew from 3.4 million in 1998 to 10m today, and: “the benefits that will come from the plans submitted to Luton Borough Council to make the airport better and bigger. Ardian and AENA share our commitment to developing an airport that the local area can be proud of.”
London Luton Airport Managing Director Glyn Jones commented: “Our new owners arrive at an exciting period of change that will see the airport transformed.  They come with a detailed knowledge of investment in transport services and infrastructure plus an impressive track record in airport operations.  Their support is greatly welcomed as we work to ensure that LLAOL improves and expands the services we provide, for the benefit of our customers, communities and the economy.”
Ardian, through its Infrastructure funds, is a major European long term investor in assets that provide people with essential services in transport, energy, water and telecommunications. AENA operates 46 airports in Spain, including Madrid (45 million annual passengers) and Barcelona (35 million passengers) and participates directly and indirectly in the management of another 15 airports worldwide.