ECONOMICS & FINANCE
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 […]
Global airport operator, Fraport, is looking to offload its interests in Pulkovo Airport in St Petersburg in the wake of Russia’s invasion of Ukraine. “There is no justification for the attack on Ukraine by Russian forces. We condemn this war for being an armed attack on a sovereign state and its people – a clear […]
Ferrovial Airports is about to widen its international portfolio after entering negotiations to secure a stake in the consortium responsible for building the new $9.5 billion Terminal One at New York JFK and agreeing to acquire a major interest in Dalaman Airport in Turkey. It announced today that it has reached an “exclusivity agreement” with […]
CEO, Luke Bugeja, tells Joe Bates more about Ferrovial Airports’ business strategy and expansion plans that include developing a network of vertiports in the US and UK. What is the appeal of airports to Ferrovial and do the company’s global ambitions burn as brightly today as when it first entered the market in 1998? Our […]
Dan Elliott from Frontier Economics considers some of the immense challenges the global pandemic has created for those planning or regulating air transport infrastructure. The aviation industry had grown used to short-term shocks. After both 9/11 and the global financial crisis of 2008, air travel came back, more or less on track, relatively quickly. But […]
ACI World’s vice president for economics, Patrick Lucas, considers the impact COVID has had on the finances of the world’s airports and the economic challenges ahead. Every couple of years ACI World, and its industry partners under the umbrella of the Air Transport Action Group (ATAG), release the Aviation: Benefits Beyond Borders report, a publication […]
The San Diego International Airport has completed a major bond financing totalling $1.94 billion, the bulk of which will be used to pay for a portion of the New T1 programme. According to San Diego County Regional Airport Authority, the new bond will reduce financing costs on a present value basis by an estimated $386.5 […]
Fraport TAV Antalya has extended its concession to operate Antalya Airport in Turkey until 2051 after offering the highest bid in the tender and pledging to invest €765 million on upgrading the gateway to allow it to handle up to 80 million passengers per annum. It bid €7.25 billion for the concession rights to operate […]
The provisional insolvency administrator for the Frankfurt-Hahn Airport Group has commissioned consultancy firm Falkensteg to look for one or more investors for it or any of its assets, including property. Investors have the option of acquiring all assets, units to be defined or single assets, which include Frankfurt-Hahn Airport. Located in Rhineland-Palatinate, the airport’s facilities […]
Corporacíon América Airports SA (CAAP) is to invest $300 million on developing its Uruguayan airport portfolio after its concession to operate and develop Montevideo’s Carrasco International Airport was extended by another 20 years. As a result of the extension, CAAP’s 100% owned subsidiary, Puerta de Sur SA, will operate the gateway until 2053. And as […]
S&P Global Ratings has revised its view of the US airport sector, raising its rating to ‘positive’ from ‘stable’ following what it describes as an improving landscape for the aviation industry. It stated that the sector view revision to positive from stable reflects the resurgence of domestic travel, stabilising airline credit conditions, significant federal assistance, […]
