Swedish airport operator, Swedavia, has secured a €49 million loan from the Nordic Investment Bank to help it through COVID-19. The seven-year SEK 500 million loan agreement is a COVID-19 response loan aimed at facilitating financing for industries heavily impacted by the coronavirus pandemic. “The loan helps to further strengthen our liquidity at a time […]
ACI World has published its fifth COVID-19 economic impact analysis revealing the devastating effect on the airport industry and the prospects for recovery. The Advisory Bulletin, The impact of COVID-19 on the airport business, reveals the global airport industry will record a reduction of more than six billion passengers by the end of 2020 compared […]
Copenhagen Airport’s operator today revealed that 380 staff are to begin sharing jobs in a bid to reduce further redundancies as a result of the downturn in traffic caused by COVID-19. With traffic currently at less than 10% of normal levels, Copenhagen Airports has just completed negotiations for its second cost-cutting round in only three […]
The Adani Group has officially taken over responsibility for operating three Airports Authority of India (AAI) managed airports. The company, which harbours ambitions to become a key player in the Indian market, added Ahmedabad’s Sardar Vallabhbhai Patel International Airport (SVPI Airport) to its airport network at the weekend. The move follows the addition of Mangaluru […]
The COVID-19 pandemic is without doubt the worst crisis the aviation industry has ever faced and could permanently change the way we travel, writes Armando Brunini, CEO and general manager of SEA Milan Airports. Like other airport operators, SEA Milan Airports, responded to the pandemic by implementing a number of measures aimed at safeguarding the […]
ACI Europe today warned that 193 of the continent’s airports face insolvency in the coming months if passenger traffic does not start to recover by the year end. These airports are estimated to support 277,000 jobs and €12.4 billion of Europe’s GDP. According to ACI Europe, unless governments step up and provide support now, Europe […]
In normal times, Louisville’s airports are responsible for some 82,723 jobs across the region and have an annual economic impact of around $10.4 billion, according to their latest economic impact survey. Key drivers of the local economy, the Kentucky city’s airports – Louisville Muhammad Ali International Airport (SDF) and Bowman Field (LOU) – also usually […]
Munich Airport International (MAI), the international management and consulting arm of Munich Airport, is to expand its influence to Central America by developing and operating a new cargo terminal at San Salvador’s El Salvador International Airport. MAI, part of the SOF Connect consortium which this summer signed finalised the concession agreement to operate and develop […]
ACI World has published a policy brief calling for an end to the “economically inefficient and discriminatory taxation of aviation”, which it believes is hampering the industry’s recovery from COVID-19. The new publication, Policy Brief: Taxation of international air transport and airports – Economic benefits and costs, explores, and provides potential remedies to, the imbalance […]
Up to 46 million aviation related jobs around the world will be lost due to the severe downturn in air traffic caused by COVID-19, followed by a slow recovery, according to new industry figures released today. Under normal circumstances, aviation and the tourism facilitates support 87.7 million jobs worldwide. Over 11 million jobs are within […]
Fraport owned Lima Airport Partners (LAP) has signed a $450 million financing agreement for an airside development programme at Peru’s Jorge Chávez International Airport. Four international banks – comprising KfW IPEX-Bank, the Bank of Nova Scotia, Sumitomo Mitsui Banking Corporation (SMBC), and Banco Bilbao Vizcaya Argentaria – are providing the loan. Fraport’s and LAP´s finance […]
Airport Authority Hong Kong (AAHK) today announced that its relief package for the airport community will extend for another two months to end of October 2020 in view of the ongoing impact of the COVID-19 pandemic. The coronavirus pandemic and continuing political unrest in Hong Kong has had a huge impact on traffic at Hong […]
