Lufthansa Consulting’s Catrin Drawer and Andreas Jahnke consider what the impact of COVID-19 is likely to be on the investment appeal of airports across the globe. Does COVID-19 mean that airports have finally lost their mantra of being a safe, long-term investment opportunity for investors? The short answer is ‘no’, because airport investments have never […]
Edmonton International Airport (EIA) is welcoming a new large-scale investment that it claims will create the largest airport-based solar farm in the world. According to the Canadian gateway, Airport City Solar will dramatically transform the west-side of EIA’s lands, create jobs and bring in a potential new power source for airport operations and the Edmonton […]
Edmonton International Airport’s Airport City continues to grow with the news that manufacturing company, Plant Plus, will shortly become its newest tenant. The company specialises in making plant fibre polymer tech (PFP tech) products such as cups, straws and mobile phone cases that are recyclable and compostable alternatives to plastic or paper. According to Edmonton […]
Collaboration and co-operation will prove key to overcoming COVID-19 although aviation potentially faces a long road to recovery, writes Inderjit Singh. Aviation is one of the most important pillars of the global economy as the sector provides millions of jobs across the world and contributes heavily to its GDP. It is also a survivor, as […]
COVID-19 is massively affecting airfields around the world and of every size, from the mega-hub airports to tiny airfields on Scottish islands and (potentially even) urban air mobility terminals. Demand for passenger aviation had been growing consistently year-on-year, but passenger numbers are currently reduced by over 90%. This year the situation is likely to remain […]
ACI World has today called for urgent government assistance and relief for airports to underpin the operational restart of the aviation industry and sustain their long-term industry recovery. It notes that the COVID-19 pandemic’s effect on the industry and broader economy has halted the airport industry at global level, potentially losing them 4.6 billion passengers […]
Swedish airport operator, Swedavia, has received a SEK3.15 billion cash injection from the government to help it survive the COVID-19 crisis. Swedavia says that the “contribution” from its shareholder, which amounts to around €300,000, will secure the “financial position” of the state owned company. “We welcome our owner’s support in a very difficult situation. Society […]
Amsterdam Schiphol today confirmed that it is still looking at introducing a revolutionary ‘Hyperloop’ ground transport link in the future. The new transport system essentially involves pods capable of holding people, freight and cars being transported at super high speeds inside sealed tubes, that theoretically make it possible to travel hundreds of kilometre distances in […]
Frankfurt Airport is set to turn to wind power to provide the bulk of its electricity as part of its ongoing commitment to meeting its climate protection targets. Operator, Fraport AG, has revealed that it intends to agree upon an annual minimum purchase quantity with the operator of an offshore wind farm from no later […]
ACI Europe reports that Europe’s airports continued to be at an almost complete stand-still during the month of May, with passenger traffic an alarming 98% down on the same period last year. As a result, only 4.3 million passengers travelled through the European network of 500+ airports in May, compared to 216.8 million last year. […]
Irish airport operator, daa, today revealed that it is currently losing €1 million per day and has lost an estimated €160 million in turnover so far this year as a result of the COVID-19 pandemic. It notes that it has operations in 16 countries and that the global pandemic has affected all of its businesses, “which […]
The Airport Consultants Council (ACC) claims to have identified more than $31 billion in rehabilitation and maintenance projects at 46 US airports, based on responses to one of its surveys conducted earlier this year. In February, it released an updated report providing an overview of more than 100 airports’ upcoming capital development spending needs through […]
