MAG has established its own dedicated Corporate Development team which explores business growth opportunities.
MAG’s growth story has developed over time, with East Midlands being its first airport acquisition in 2001 from National Express. East Midlands Airport is a winner of many prestigious awards; including Best Regional UK Airport for Customer Service in 2013.
MAG also acquired London Stansted Airport in 2013 from BAA, when the competition rule forced BAA to sell Gatwick and London Stansted airports. In order to complete the deal, MAG partnered with Industry Fund Management (IFM), which is a highly experienced, long-term investor and already has a significant interest in 16 airports across Australia and Europe. Under MAG’s management, the passenger numbers of London Stansted Airport increased by 9mppa or 8% YoY growth.
MAG’s international growth strategy developed with the launch of MAG USA in February 2015 with headquarters in Chicago, IL. Since then, MAG USA has made a successful entrance into the US airport market, opening four US Escape Lounges, with six more opening in 2018/2019. Additionally, MAG USA is focused on P3, terminal and retail development, as well as car parking contracts.
The core Corporate Development team evaluates and pursues global market opportunities outside the UK, including key markets in Asia Pacific, North America, Europe, the Middle East and Australasia. The basis of the investment can take the form of a concession, equity investment, operation and management contract or a combination.