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ECONOMICS & FINANCE

Aerotropolis engines beyond Asia

Aerotropolis concept leader, Dr John Kasarda, provides an update of airport city and aerotropolis developments in the Americas, Europe, Africa and the Middle East, and considers the implications of the coronavirus pandemic on aviation and future developments. Last issue, I described how the Asia-Pacific region leads airport city and aerotropolis development. Other world regions are […]

Europe’s airports on their knees – ACI Europe

ACI Europe today warned that the continent’s airports are “on their knees” and facing irreversible consequences unless air travel can restart, in a COVID-19 safe way, this summer. The warning follows a 98.6% drop in passenger numbers in April, when just 2.8 million people passed through Europe’s 500+ airports. “Europe’s airports are on their knees. […]

TAV agrees to buy Almaty Airport in Kazakhstan

Global airport operator, TAV Airports, has agreed a $450 million fee to buy Almaty Airport in Kazakhstan. The main gateway to Kazakhstan is an important junction in the modern ‘Silk road’ and will become the 15th airport in TAV’s global network. TAV confirms that the deal will see it and investment partner, VPE Capital, purchase […]

COVID-19 detection trials to start at London Heathrow

Heathrow CEO, John Holland-Kaye, has told the UK’s House of Commons Transport Committee that COVID-19 detection trials are to start at his gateway as beleaguered Britain steps up its battle against the coronavirus. According to the airport, a key motivation is the desire to drive forward the development of a Common International Standard by trialling […]

Aviation’s need for financial assistance now urgent

The associations of the world’s airports and airlines today joined forces to urge governments to act swiftly with financial grants to help keep their members survive the coronavirus crisis. ACI World and IATA believe that financial aid is vital to assist airport operators and airlines during the unprecedented COVID-19 crisis, and support the essential connectivity […]

Europe looking at ways to restore air connectivity

ACI Europe has today called for full EU co-ordination and alignment on how current restrictions to air travel should be lifted. The call comes as a number of European states have begun to work on the progressive lifting of confinement measures. EU transport Ministers are also due to meet tomorrow to address the challenge of restoring […]

ACI reminds world about economic importance of aviation

ACI World has provided a timely reminder about the importance of aviation to the global economy by revealing that the industry generated close to $180 billion in revenue in 2018. The significant sum will, of course, be in stark contrast to this year, with the association predicting that airport revenues could fall by up to […]

Federal funding for Miami International Airport

Miami International Airport (MIA) is to receive $207 million in funding from the federal government to help it get through the coronavirus crisis. The payment, the biggest in Florida to date under the US government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act Airport Grant Program – will be used to support the airport’s ongoing […]

Cargo volumes soar at Ontario International Airport

Ontario International Airport (ONT) in southern California has become the latest gateway to report a huge rise in cargo volumes since the start of the coronavirus crisis. The airport admits that while its terminals have been quiet for much of last month, air cargo shipments into and out of ONT soared by 22% in March, […]

The A-Z of global airport operators

Joe Bates find out more about the ambitions, business philosophies and development plans of 28 operators with a global portfolio of airports. Airports Company South Africa (ACSA) World Headquarters: Johannesburg, South Africa. Airports 100% owned and operated: Johannesburg-OR Tambo, Cape Town, Durban–King Shaka, Upington, East London, George, Kimberley, Port Elizabeth and Bram Fischer (Bloemfontein) airports […]

Fantastic journey!

AviaDev Europe’s managing director, Juraj Toth, discusses the economics of route development and the global value of aviation. In the past few months, the aviation industry has become an easy target in the global fight against climate change. People all around the world, but especially in Europe, have been pointing fingers at air transport as […]

Hong Kong airport’s CEO and executive team to take pay cuts

Fred Lam, the CEO of Airport Authority Hong Kong (AAHK) has agreed to take a voluntary 20% pay cut for six months as part of the latest measures to help Hong Kong International Airport get through the coronavirus crisis. “The entire aviation industry is facing unprecedented difficulties because of the COVID-19 pandemic,” explained Lam. “The […]

Aerotropolis business magnets

How are the world’s airport city/aerotropolis developments faring? Some hugely ambitious projects in the Asia-Pacific region come under the microscope in the first of a two-part global review by Dr John Kasarda. Today’s airports are powerful business magnets and metropolitan region economic accelerators. Functioning much like central train stations of our urban past, they increasingly […]

Corporacíon América Airports outlines revised 2020 business plan

Global airport operator, Corporación América Airports (CAAP) has announced that it experienced a 14.6% drop in EBITDA in 2019 and outlined a number of business measures designed to guide it through the coronavirus crisis. Fiscal highlights in 2019 are said to include a year-on-year rise of 9.3% in consolidated revenues to $1.5 billion, while passenger […]

Singapore Changi to consolidate terminal operations from May 1

Singapore Changi has become the latest airport to announce plans to downsize its operations during the coronavirus crisis, closing Terminal 2 from May 1. Operator, Changi Airport Group (CAG), says that move is in response to “the steep decline in passenger traffic and the likelihood that air travel demand will not return to pre-Covid-19 levels […]

THE BUYING GAME

Simon Morris, vice president at ICF International, reviews some of the major airport transactions of last year and speculates what deals could be in store for 2020. Last year confounded the airport transaction pessimists with a high volume of good quality assets sold at healthy prices. And, although secondary sales predominated, there were nonetheless some […]

ON THE MAP

The utilisation of geographic information system (GIS) mapping technology has helped Reno- Tahoe International Airport become an economically competitive hub, writes Esri’s Terry Bills. Airports play an increasingly important role in connecting economies, strengthening global supply chains, and driving regional development. Owned and operated by the Reno-Tahoe Airport Authority (RTAA), Reno-Tahoe International Airport (RNO) currently […]

BEYOND BORDERS

Irish airport operator, daa, has business interests across the globe courtesy of its wholly owned subsidiaries, writes daa International CEO, Nick Cole. The daa Group is made up of four distinct businesses; Dublin Airport, Cork Airport, daa International and Aer Rianta International. My company, daa International, is a wholly owned subsidiary of daa plc, whose […]

GOING GLOBAL

Joe Bates finds out more about the history, plans and future ambitions of a handful of global airport investors at different stages of their development and investment cycles. The news that owner, Global Infrastructure Partners (GIP), is set to pocket close to £3 billion later this year from the sale of a 50.01% stake in London’s Gatwick […]

THE BUYING GAME

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 […]