Global airport operator, Corporación América Airports (CAAP) has announced that it experienced a 14.6% drop in EBITDA in 2019 and outlined a number of business measures designed to guide it through the coronavirus crisis. Fiscal highlights in 2019 are said to include a year-on-year rise of 9.3% in consolidated revenues to $1.5 billion, while passenger […]
Singapore Changi has become the latest airport to announce plans to downsize its operations during the coronavirus crisis, closing Terminal 2 from May 1. Operator, Changi Airport Group (CAG), says that move is in response to “the steep decline in passenger traffic and the likelihood that air travel demand will not return to pre-Covid-19 levels […]
ACI World has today issued guidance on best practices to airports to help them adapt their airfield operations in response to the effects and impact of the COVID-19 pandemic. Based on a survey of the members of the ACI World Safety and Technical Standing Committee, around half of respondents had experienced a 90% or greater […]
ACI World has issued its loudest warning yet about the COVID-19 pandemic, fearing that it could wipe out two-fifths of passenger traffic and almost half of revenues for airports in 2020. In an economic bulletin published today, ACI World predicts that global passenger traffic close to two-fifths (38.1%) will be lost as compared to the […]
Simon Morris, vice president at ICF International, reviews some of the major airport transactions of last year and speculates what deals could be in store for 2020. Last year confounded the airport transaction pessimists with a high volume of good quality assets sold at healthy prices. And, although secondary sales predominated, there were nonetheless some […]
International transport and information logistics provider, cargo-partner, has become one of the first tenants of the recently completed BUD Cargo City at Budapest Airport. The company moved into its newly built office and warehouse at the Hungarian gateway on March 30. The new storage location offers pallet slots for temporary rack storage in a 1,200sqm warehouse, […]
Brussels South Charleroi Airport has unveiled plans to partially resume commercial operations on Sunday, May 3. The airport suspended commercial operations on March 24 meaning that it is currently only handling health, government and maintenance flights. The Belgian airport states: “The aviation industry is going through an unprecedented crisis that has forced many airlines to […]
China’s Chengdu Tianfu and Beijing Capital airports have chosen Cavotec to provide them with €3 millon worth of new ground support equipment (GSE) and fuelling orders. For Chengdu Tianfu International Airport, Cavotec will supply a range of fuelling and electrical power connection systems including valve access covers, boarding bridge cable coilers, 400Hz output power cables, […]
The recent outbreak of COVID-19 has sent aviation industry into a nosedive. With project revenue losses for airlines in 2020 estimated to be around $252 billion, for some the future of the industry may look bleak, writes Aviation Solution’s Gediminas Ziemelis. The novel coronavirus has shaken up airlines’ schedules all around the globe. Lufthansa Group […]
HOK’s Carl Galioto and William Kenworthey outline the vision to transform Newark Liberty into an airport city connected to rail, commerce and community. HOK recently collaborated with the New York Building Congress on a report outlining ambitious enhancements to transform Newark Liberty International Airport (EWR) into an airport city. Recognising the potential for airports to offer the speed, […]
London Gatwick is to temporarily close its North Terminal and consolidate operations in its South Terminal, with flights only operating between 2pm and 10pm, from next month. The airport believes that the move is the best way to protect staff, passengers and the business from the impact of COVID-19. The emergency measures will be in place […]
ACI World has repeated its call for governments to do more to support aviation during the coronavirus crisis, today urging for financial assistance to safeguard millions of airport jobs. ACI data shows that airports employ – either directly or indirectly – more than 6.1 million people globally which makes up 60% of all employment in […]
