ACI World’s vice president for economics, Patrick Lucas, considers the impact COVID has had on the finances of the world’s airports and the economic challenges ahead. Every couple of years ACI World, and its industry partners under the umbrella of the Air Transport Action Group (ATAG), release the Aviation: Benefits Beyond Borders report, a publication […]
The San Diego International Airport has completed a major bond financing totalling $1.94 billion, the bulk of which will be used to pay for a portion of the New T1 programme. According to San Diego County Regional Airport Authority, the new bond will reduce financing costs on a present value basis by an estimated $386.5 […]
Fraport TAV Antalya has extended its concession to operate Antalya Airport in Turkey until 2051 after offering the highest bid in the tender and pledging to invest €765 million on upgrading the gateway to allow it to handle up to 80 million passengers per annum. It bid €7.25 billion for the concession rights to operate […]
The provisional insolvency administrator for the Frankfurt-Hahn Airport Group has commissioned consultancy firm Falkensteg to look for one or more investors for it or any of its assets, including property. Investors have the option of acquiring all assets, units to be defined or single assets, which include Frankfurt-Hahn Airport. Located in Rhineland-Palatinate, the airport’s facilities […]
Corporacíon América Airports SA (CAAP) is to invest $300 million on developing its Uruguayan airport portfolio after its concession to operate and develop Montevideo’s Carrasco International Airport was extended by another 20 years. As a result of the extension, CAAP’s 100% owned subsidiary, Puerta de Sur SA, will operate the gateway until 2053. And as […]
S&P Global Ratings has revised its view of the US airport sector, raising its rating to ‘positive’ from ‘stable’ following what it describes as an improving landscape for the aviation industry. It stated that the sector view revision to positive from stable reflects the resurgence of domestic travel, stabilising airline credit conditions, significant federal assistance, […]
Sydney Airport is set to be sold for a colossal A$23.6 billion ($17.5 billion) after the board unanimously voted to accept an offer from an infrastructure investment group. The offer from Sydney Aviation Alliance (SAA) has been on the table for over a month and the deal, should it go through, will make it one […]
The soon-to-open new East Wing of Geneva Airport welcomed over 250 delegates this week as it hosted ACI Europe’s 31st Annual Congress & General Assembly, and it proved to be a lively affair, and welcome tonic for many participants, some of which were physically attending their first industry event in two years. The association’s director […]
The first half of 2021 has been a busy one for Korea Airports Corporation (KAC), which has quietly gone about expanding in the international arena by undertaking a feasibility study for an airport development project in Laos and been awarded the concession to operate and develop Manta Airport in Ecuador. KAC – which in 2019 […]
In announcing a DKK851 million loss before tax for the first half of 2021, Copenhagen Airports today spelt out the harsh realities of the impact of the COVID pandemic on aviation. The loss came as just 1.4 million passengers passed through Copenhagen Airport (CPH) in the first half of the year compared to the 14.4 […]
Global airport operator, Fraport AG, today unveiled its interim results for the first half of 2021, and it makes for better reading than its end of year 2020 accounts, with traffic “markedly picking up” in the second quarter of the year. Indeed, despite a weak first quarter, for the first time since the outbreak of […]
TAV Airports handled 13.1 million passengers and generated €156 million in revenue across its global airport network during the first half of 2021. The passenger total amounted to 8 million domestic and 5.1 million international passengers at its airports, which include gateways in Turkey, Tunisia, Croatia, North Macedonia and Saudi Arabia. “We had a very […]
