ECONOMICS & FINANCE
Greenville-Spartanburg International Airport generates nearly 20,000 jobs and contributes $4 billion in annual economic output to the Upstate South Carolina region, according to the facility’s latest economic impact study. The study found that GSP’s $4 billion total economic impact is 40% greater than the $2.9 billion impact in 2018 and eleven times greater than the […]
The Shannon Airport Group contributes almost €4 billion (€3.96bn) to Ireland’s GDP and supports over 20,300 jobs, according to a new report. Published today, the report independently produced by economic advisory firm Oxford Economics, highlights the significant positive impact of The Shannon Airport Group to the Irish and Mid-West economy in 2022. It also considers […]
Hong Kong International Airport (HKIA) operator, Airport Authority Hong Kong (AAHK), has signed an agreement with the Dongguan Port Group to establish a joint venture to develop HKIA Dongguan Logistics Park in Mainland China. The new facility will handle sea-air cargo transhipments being transported between Hong Kong and Dongguan. When completed, cargo security screening, palletisation […]
ACI Asia-Pacific & Middle East today announced the findings of its market research on airport concession business models and non-aeronautical revenues on the opening day of the The Trinity Forum 2023 in Hong Kong. Based on survey feedback from airport operators across the region, the research reveals that airports are giving “noteworthy consideration” to new […]
The San Diego County Regional Airport Authority has completed a major bond financing totalling $1.062 billion. The combination of the bond sales in 2021 and 2023 have provided $2.35 billion towards the projected $3.4 billion cost of San Diego International Airport’s Terminal 1 project, whose first phase is set to open in late summer 2025. […]
Dallas/Fort Worth International Airport (DFW) contributes an estimated $38 billion in direct and indirect payroll support, $24 billion in visitor spending and about $5 billion in state and local tax revenue each year, according to the results of an updated economic impact study. The study also reveals that the Texas gateway also supports more than […]
It has been announced that Porter Airlines and Nieuport have “amicably resolved their outstanding disputes and litigation” relating to terminal fees at Billy Bishop Toronto City Airport. In autumn 2022, the owner of the Billy Bishop Toronto City Airport (BBTCA) passenger terminal, Nieuport Aviation Infrastructure Partners GP, obtained judgment against Porter Airlines Inc relating to […]
London Gatwick’s interim financial results for the first half of 2023 show that it enjoyed a “strong” six months, despite what it called a “challenging operational environment”. The airport’s revenue increased in the first half of 2023, compared to 2022, and it achieved an improved EBITDA and increased net profit in the half year ending […]
Copenhagen Airport recorded a profit before tax of DKK167 million in a busy second quarter to reverse its loss before tax from the winter months. As a result, the Danish airport posted an overall profit before tax for the first half year of DKK108 million, during which time it handled 12.4 million passengers – 31% […]
VINCI Airports today finalised the financial arrangements for the acquisition of seven airports in Cabo Verde, completing the concession agreement signed with the government a year ago. VINCI Airports secured €60 million in financing, maturing over 20 years, from three development banks: World Bank-IFC, Proparco (France) and DEG (Germany). This financing is certified under the […]
Aena has awarded its electricity supply contract to Endesa Energía SAU and Iberdrola Clientes SAU as it steps up its bid to develop solar power installations across its entire airport network. It states that the purpose of the new deals is to carry out the procedures related to the purchase of energy with 100% renewable […]
Spanish airport operator, Aena, has signed a sustainable syndicated credit line (sustainability-linked RCF) for €2 billion, which it says proves its commitment to the environment, social responsibility and good corporate governance. The financing has been granted by 14 national and international financial institutions and has been led by Banco Santander as Arranger and Sustainable Agent. […]
