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Over the past few years, QSuper's investment team has increased QSuper's level of investment in infrastructure assets, with the aim of matching the long-term investment strategy required of a super fund. In this article, we put the spotlight on one of our more recent indirect investments made by QSuper in Edinburgh Airport.
As Scotland's number one airport, with a diverse selection of routes and airlines and a solid customer base, Edinburgh Airport can be considered a particularly attractive infrastructure investment.
Edinburgh is in fact the second most popular tourist destination in the UK (after London), with a good proportion of these tourists arriving by plane. There's also plenty of action on the departure front, as being the political, cultural and financial centre of Scotland Edinburgh has a high proportion of wealthy inhabitants, many of whom like to travel.
Just as importantly, Edinburgh Airport has lots of potential for growth, which is one of the many things QSuper looks for when making an infrastructure investment. Because of its location and customer base, and planned operational improvements, it is expected that over the coming years, it will attract new airlines and develop new routes, making it even more profitable.
Recent developments at Edinburgh Airport include a new route to Istanbul with Turkish airlines, Virgin Atlantic's announcement that it will begin services between Edinburgh and Heathrow in March 2012, and new airline deals with easyJet and Ryanair.