ECONOMICS & FINANCE
Halifax Stanļ¬eld International Airportās pivotal role in Nova Scotiaās economy is underscored in a new report revealing that the airport generated over C$4.2 billion in economic impact in 2023, a 24% increase from 2022. The latest figures cement its status as a key driver of local and regional employment, tourism, trade, and prosperity. āThese impressive […]
Western Sydney International (Nancy-Bird Walton) Airport (WSI) and Western Sydney University have combined forces “to drive education, training and job opportunities” ahead of the airportās late 2026 opening. The pair today signed a Memorandum of Understanding (MoU) that will see the organisations partner in a range of ways to “drive positive outcomes for communities” in […]
Touch downs at Auckland Airport are driving up New Zealandās economic fortunes with new aviation infrastructure set to bring tens of billions of dollars more benefit, according to an economic analysis by consultants EY. The airport’s chief customer officer, Scott Tasker, said the investment underway at Auckland Airport will be a key enabler of future […]
Global airport operator Fraport AG with interests in airport across Europe, Asia and South America is selling its 10% stake in Delhi’s Indira’s Gandhi International Airport (DEL). Under the agreement signed today (September 9), Fraport is selling its entire stake in DEL operator, Delhi International Airport Limited (DIAL), to its majority owner, GMR Airports Infrastructure […]
The Shannon Airport Group, which owns and operates Shannon Airport and a significant property portfolio at its Shannon Campus, is today celebrating the 10th anniversary. A decade on, Shannon Airport is on track to handle over two million passengers for the first time since 2009, while over ā¬178 million has been invested across the airport […]
Airport operator, Fraport, enjoyed an impressive first six months of the year, enjoying a 13% rise in revenues and a 7.2% upturn in passenger numbers across it global network. Its half-year figures, released today, show that it handled 74.1 million travellers across its actively-managed aviation gateways during the first half of 2024 (ending June 30). […]
Cork Airport contributed just over ā¬1 billion to the Irish economy and supported more than 12,650 job in 2023, new analysis of the airportās economic impact has revealed. Launched today by Minister of State for Transport, James Lawless TD, Irelandās EU commissioner designate, Michael McGrath TD, and Tourism Irelandās chief executive, Alice Mansergh, the analysis […]
Miami International Airport (MIA) has started 2024 with its fastest pace ever for passenger growth, serving 1.5 million more travellers in the first quarter than its previous record set in the same period last year. In the first three months of 2024, MIA welcomed 14.9 million passengers, which was a significant 11.6% increase from 13.3 […]
AviAlliance and the co-shareholders of Budapest Airport have agreed to sell the airport to a consortium consisting of the Hungarian state-owned Corvinus Zrt and Vinci Airports. As all terms of the agreement have already been met, the transaction was completed. Gerhard Schroeder, managing sirector of AviAlliance, until today biggest shareholder in Budapest Airport, says: āSince […]
London Gatwick generated Ā£5.5 billion for the UK economy and supported over 76,000 jobs in 2023 ā levels close to those pre-pandemic, according to new research by leading economists Oxera. The majority of this vital economic activity Ā took place in six local authority areas across the South East ā West Sussex, East Sussex, Surrey, Kent, […]
The Fraport Group has enjoyed a successful start to the year, with all key financial indicators achieving at least double-digit growth rates in the first quarter of 2024. The main driver of this positive trend was the continued rise in passenger numbers at most of the airports across Fraportās global network, which helped boost the […]
Following a year of strong growth, Shannon Airport is gearing up to reach the two million passenger mark by the end of 2024, the first time since 2009. According to Mary Considine, CEO of The Shannon Airport Group, growth across all key air services in 2023 surpassed expectations. āLast year saw us welcome 1.959 million […]
