Overview

• Macquarie is finalising terms to acquire Ontario Teachers’ Pension Plan’s 25 percent stake in London City, 27 percent in Birmingham and 55 percent in Bristol airports.
• Negotiators face potential delays as Birmingham City Council’s 2023 insolvency complicates its co-ownership role at Birmingham Airport.
• London City Airport has secured approval to boost its annual passenger cap from 6.5 million to 9 million, enhancing its appeal to business travellers.
• Bristol Airport is planning to expand capacity to 15 million passengers a year and is exploring new tram or light rail links as part of a wider transport upgrade.
• The move builds on Macquarie’s pledge to invest £20 billion in UK infrastructure over five years and follows recent airport sector deals by Vinci and AviAlliance.