ECONOMICS & FINANCE
The slot machine concessionaire at Las Vegas’ Harry Reid International Airport, formerly know as McCarran Airport, is celebrating generating more than one billion dollars in revenue at the US gateway. Michael Gaughan’s Airport Slot Concession, Inc. has been operating at the Nevada gateway for 36 years and has generated the revenue over the lifetime of […]
Global airport operator, Corporación América Airports (CAAP), is set to enter the African market for the first time after its consortium was named as the preferred bidder to operate Abuja and Kano airports and their respective cargo terminals in Nigeria. CAAP holds a controlling 51% stake in the consortium alongside partners Mota-Engil, Engenharia e Construção […]
The FAA has awarded more than $31 million in grants to expand cargo infrastructure at nine airports across the United States. According to the FAA, each project will help expedite the movement of goods throughout the country. “Every day, we rely on goods transported through our nation’s airports,” said US Transportation Secretary, Pete Buttigieg. “This […]
Heathrow today invited the SME community to reconnect with its multi-billion-pound supply chain, which it insists can be a part of the airport’s continued recovery, contributing to the local community’s growth and “global Britain’s prosperity”. The call comes as the airport announced the relaunch of its annual Business Summit. It has been three years since […]
Through subsidiary, Aena Desarrollo Internacional, Aena has been awarded the concession to operate and develop São Paulo’s Congonhas Airport and 10 other gateways across Brazil. The concession, which is initially for 30 years with the option of a five year extension, covers 11 gateways across São Paulo, Mato Grosso do Sul, Minas Gerais and Pará […]
Copenhagen Airport and the Fraport Group have become the latest airport operators to post improved results for the first half of 2022. Denmark’s capital city airport reports that eight out of ten passengers are back, it has taken on an extra 500 staff to cope with rising demand, and that it is close to breaking […]
Brisbane Airport Corporation (BAC) is hosting the BNE Careers Expo next month to encourage up to 2,000 new employees to consider a career at the airport precinct. The airport ‘jobs bonanza’ covers a diverse range of roles including: security, baggage handling, government agencies, airlines, customers service, engineering, corporate services, landscaping, bus drivers, hospitality and retail […]
Spain’s global airport operator, Aena, has announced that it made a net profit of €163.8 million in the first half of 2022 – nearly a 150% rise on its results for the corresponding period a year ago when it reported a huge €346.4 million loss. The turnaround in its fortunes means that Aena is in […]
Ferrovial Airports has agreed to acquire a stake in New Terminal One, the consortium appointed to design, build and operate the new $9.5 billion Terminal One at New York–JFK. Under the deal, Ferrovial is acquiring 96% of The Carlyle Global Infrastructure Fund’s 51% stake in New Terminal One. The completion of the transaction is subject […]
Fraport AG CEO, Dr Stefan Schulte, delivered a largely positive message to shareholders at the company’s Annual General Meeting (AGM) today. Schulte said: “The year 2021 has shown that we have bottomed out and are now climbing back up step-by-step in terms of traffic volumes. “At Frankfurt, we are getting ready for a busy summer. […]
Global airport operator, Fraport AG, has announced its intention to sell its 24.5% stake in China’s Xi’an Xianyang International Airport. Fraport, which earlier this month announced plans to divest itself of its shares in St Petersburg’s Polkovo Airport following Russia’s invasion of the Ukraine, has agreed to sell its shares in Xi’an Xianyang to Chang’an […]
UK airports have lost £10 billion in revenue since the first lockdown in March 2020 and have taken on more than £4 billion in debt, according to new analysis by the Airport Operators Association (AOA). Its new report, Reconnecting the UK: recovering aviation connectivity, shows that 2021 was worse than 2020, with airports seeing the lowest […]
