AviAlliance completes £1.53 billion acquisition of AGS Airports and appoints Kam Jandu as new CEO

New CEO,Kam Jandu. Credit: AviAlliance

AviAlliance, a leading private airport investor and operator, has completed its £1.53 billion acquisition of AGS Airports (Aberdeen, Glasgow, and Southampton) from Ferrovial and Macquarie, following regulatory approvals. A subsidiary of PSP Investments, AviAlliance adds AGS to its global portfolio, which includes Athens, Düsseldorf, Hamburg, and San Juan airports.

What will this acquisition bring?

Kam Jandu has been appointed AGS Airports’ new CEO, succeeding Andy Cliffe, who departs by mutual consent after significant contributions. Kam, formerly CEO of Budapest Airport, brings three decades of aviation experience and will ensure a smooth transition, with Andy providing support during the handover.

Kam Jandu, incoming CEO of AGS Airports, said: “I am both delighted and grateful to have been given the opportunity to lead and support AGS Airports on the next exciting phase in their growth strategy. Aberdeen, Glasgow and Southampton airports offer unique propositions and catchment areas which present growth opportunities for airlines and other business partners alike. Working with the great people we have across the group and airports we aim to further improve their economic impact in a sustainable manner for the benefit of all stakeholders. I am looking forward to continuing the excellent achievements that have already been reached in this regard and to delivering the ambitious plans in the years ahead.”

Andy Cliffe, outgoing CEO of AGS Airports, said: “It has been my pleasure to lead AGS Airports for the past years as we successfully transformed the business into the world-class airport operator it is today focused on delivering the enormous growth potential of the group. I will look back fondly on my time as CEO and I look forward to working closely with Kam and AviAlliance during this transition period and wish the team every success as they lead this outstanding business into its next chapter.”