Edinburgh Airport is likely to be divested this year for up to £2bn ($2.5bn) as its US-based private equity owner Global Infrastructure Partners (GIP) looks to cash-in on increasing valuations for aviation infrastructure.

GIP acquired the airport from BAA for £807m in 2012 and the airport’s valuation has since increased.

With the divestment, GIP would exit its presence from the British airport segment.

Last year, GIP sold a 50.01% stake in Gatwick to France-based Vinci in a deal worth £2.9bn ($3.7bn).

“The airport crossed the one million passenger mark for the first time in March.”

The company also sold London City Airport in a deal worth £2bn ($2.5bn) to a consortium of buyers in 2016.

The divestment of Edinburgh Airport is expected to raise interest from Brookfield, APG, Macquarie, and other investment firms.

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Ontario Teachers’ Pension Plan, which owns Bristol and Birmingham airports, is also likely to show an interest in the deal.

Later this year, Edinburgh Airport will launch 12 new European routes and a new link to Boston, USA. It also recently launched an Emirates service to Dubai.

The airport crossed the one million passenger mark for the first time in March, making it the busiest airport in Scotland.