Munich Airport’s LabCampus innovation centre will shortly have a new tenant – one of the world’s leading technology companies in the autonomous driving sector, Argo AI, which is expected to test and develop vehicles on the site. Established in 2016 and headquartered in Pittsburgh, Pennsylvania, the company has partnerships with US car manufacturer Ford and […]
Blackpool Airport has had no commercial traffic since March 2017 and that situation seems unlikely to change anytime soon, but its local council owners are so confident in its future that they have decided to take over the management of UK gateway. The decision, announced today, means that Blackpool Council’s wholly-owned subsidiary, Blackpool Airport Operations […]
Gatwick Airport’s CEO, Stewart Wingate, today reiterated his confidence in the airport’s ability to bounce back from the toughest year in its history and experience international passenger growth again from the summer. Wingate says: “It will come as no surprise that, like any other international airport, the negative impact of COVID-19 resulted in a financial […]
London Heathrow today revealed that the airport lost £2 billion in 2020 as its passenger numbers slumped from 80.9 million in 2019 to just 22.1 million last year. It notes that the “devastating impact of COVID-19” led to its overall revenue plummeting 62% to £1.2 billion and adjusted EBITDA falling to £270 million. The UK […]
Passenger traffic and revenue at Europe’s airports this year is likely to be around 30% to 50% down on 2019 levels, according to a new report by S&P Global Ratings. The global ratings agency’s forecast is based the new travel restrictions implemented to curb the spread of fast-spreading COVID-19 variants, which it claims have “dealt […]
Christchurch Airport is citing lessons learnt from the earthquakes, extensive changes it made to its business across 2015-2019 and its preparation for events like a pandemic, for its ability to pivot to a domestic operating model that can essentially break even while the pandemic’s impact on the borders evolves. The airport has revealed that it […]
Miami International Airport has been awarded $39.5 million in COVID-19 relief funding from the federal government, in the second round of airport grants from the Federal Aviation Administration. The second grant follows $207 million in funding that MIA received last April from the federal government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act Airport Grant […]
The Turkish government has agreed to extend Fraport’s management concession for Antalya Airport by two years to the end of 2026 and to defer its annual concession fee for 2022 to 2024. The global airport operator says that the agreement will help the Fraport TAV Antalya joint venture to relaunch Antalya Airport on a steady […]
India’s GMR Group, a global airport operator and aviation infrastructure developer, has signed a Memorandum of Understanding (MoU) with Airbus to explore collaboration opportunities across aviation services, technologies and innovation. The agreement will see GMR Group and Airbus team up to explore potential synergies in several strategic areas of aviation services including maintenance, components, training, […]
The UK government has unveiled plans to give airports in England up to £8 million each to help get them through the next few months as COVID-19 continues to bring traffic to a virtual standstill across the globe. Under the government scheme opening today, commercial airports and ground handlers could receive a maximum of £8 […]
Vienna Airport is optimistic that its passenger numbers will enjoy a “strong upswing” in the second half of the year as the vaccination drive to combat COVID-19 begins to have a positive impact on air travel. Like most other airports, the Austrian gateway experienced a grim 2020 with the pandemic causing traffic levels to decline […]
Whether it ever happens or not is another matter, but a third runway at London’s Heathrow Airport is now potentially back on the agenda following the Supreme Court ruling that the government’s decision to approve its expansion was lawful. Today’s ruling overturns a decision by three leading judges earlier this year that former Transport Secretary, Chris […]
