Modalis chief executive, Curtis Grad, provides his annual review on private-sector investment in the global airport market, taking stock of 2018’s biggest deals, success stories and other transactions that didn’t quite get across the line. In terms of the number or size of transactions, 2018 was far from a banner year for the industry, although […]
Nova Scotia seafood represented a significant portion of the record 36,938 metric tonnes of cargo (+8.5%) handled at Halifax Stanfield International Airport in 2018. “Similar to passenger travel, we continue to see the cargo side of our operations expand, resulting in multiple daily dedicated cargo flights filled with Nova Scotia exports now flying out of […]
Munich Airport today reported that it handled an all-time high of 46.3 million passengers (+3.8%) and made a net profit of €150 million in 2018. Operating company FMG’s EBITDA also surged to a record €535 million while cash flow from operations was up €80 million to €465 million. With equity of over €2.2 billion, the […]
Aberdeen International Airport’s terminal transformation project is nearing completion, with two stores due to open next month and more to come in the autumn. The upgraded departure lounge area will feature new Boots and Dixons Travel stores, relocating from their current units to a new retail and catering area, housed in the former World Duty […]
Hong Kong International Airport operator, Airport Authority Hong Kong (AAHK), today outlined its green credentials in its Sustainability Report for 2017/18. The report covers the AAHK’s sustainability performance in the fiscal year ending 31 March 2018 across four key pillars: ‘Our People’, ‘World-class Gateway’, ‘Our Future Airport’ and ‘HK People’s Airport’. The report features 10 […]
London Stansted Airport is celebrating its Biodiversity Week by handing out more than 3,000 silver birch saplings and highlighting some of its year-round environmental work. The initiative, which follows from 2018’s successful Recycling Week where 2,000 reusable cups were handed to staff, aims to inform the thousands of colleagues across London Stansted of the environment team’s efforts, […]
Alexis Higgins has been comfirmed as the permanent CEO of Tulsa Airports Improvement Trust (TAIT) four months after assuming the role on a temporary basis following the departure of predecessor Mark VanLoh. Higgins is a 19-year employee of TAIT, serving the majority of that time as deputy airports director overseeing marketing and air service development. […]
Los Angeles World Airports (LAWA) and Unibail-Rodamco-Westfield Airports claim to be taking an innovative, inclusive approach to the Competitive Evaluation Process (CEP) for the 750,000-square-foot Midfield Satellite Concourse at LAX – slated to open to the public in 2020. The CEP will be open for 27 dining, retail and amenity opportunities in the new concourse, […]
VIEW THE ISSUE HERE In the spotlight: Investing in airports Airport report: Hong Kong Special report: The digital marketplace Plus: Route development & Autonomous vehicles Editor, Joe Bates, reflects on the investor appeal of the world’s gateways in this ‘Investing in airports’ themed first issue of 2019. Time to invest One of the first articles I was asked to […]
Hong Kong International Airport handled 5.89 million passengers and 32,430 flight movements in February, marking year-on-year increases of 1.1% and 0.3%, respectively. However, cargo throughput decreased by 14.4% to 274,000 tonnes due to unfavourable macro-economic conditions. The totals mean that 12.4 million passengers (+3.6%) and 676,000 tonnes of cargo (-8.6%) passed through the gateway on 68,960 […]
Pension investor APG, in partnership with alternatives fund manager QIC, has agreed to acquire a 36% interest in Brussels Airport. The APG-QIC jointly led consortium further comprises of Swiss Life, and upon completion, APG and QIC will both have a stake of 16.8% in Belgium’s capital city gateway. Closing of the transaction is expected to […]
Kansas City International Airport has announced that it will break ground on its new $1.5 billion terminal on March 25. The project will transform and modernise the current three-terminal layout, which has remained largely unchanged since it opened in 1972, despite nearly tripling its passenger traffic. It is the largest infrastructure project in Kansas City’s history. Designed by the Chicago based Skidmore, Ownings […]
