ECONOMICS & FINANCE
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 […]
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 […]
