ECONOMICS & FINANCE
The first half of 2021 has been a busy one for Korea Airports Corporation (KAC), which has quietly gone about expanding in the international arena by undertaking a feasibility study for an airport development project in Laos and been awarded the concession to operate and develop Manta Airport in Ecuador. KAC – which in 2019 […]
In announcing a DKK851 million loss before tax for the first half of 2021, Copenhagen Airports today spelt out the harsh realities of the impact of the COVID pandemic on aviation. The loss came as just 1.4 million passengers passed through Copenhagen Airport (CPH) in the first half of the year compared to the 14.4 […]
Global airport operator, Fraport AG, today unveiled its interim results for the first half of 2021, and it makes for better reading than its end of year 2020 accounts, with traffic “markedly picking up” in the second quarter of the year. Indeed, despite a weak first quarter, for the first time since the outbreak of […]
TAV Airports handled 13.1 million passengers and generated €156 million in revenue across its global airport network during the first half of 2021. The passenger total amounted to 8 million domestic and 5.1 million international passengers at its airports, which include gateways in Turkey, Tunisia, Croatia, North Macedonia and Saudi Arabia. “We had a very […]
VINCI Airports has added Annecy Mont-Blanc Airport to its global airport network after signing an agreement to resume responsibility for its management, operation and development for the next 15 years from January 1, 2022. All current staff at the French gateway will join the wholly owned VINCI Airports subsidiary handling the Annecy Mont-Blanc Airport concession. […]
London Heathrow, desperate to speed up the return of safe international travel, today flagged up a new report by the Centre for Economics & Business Research, which claims that aviation needs to be at the heart of the UK’s future economic growth. The new research highlights how the UK could undergo an economic pivot post-Brexit, […]
The Federal Aviation Administration (FAA) today announced that it is to award $8 billion in grants to “keep US airport workers employed, construction projects going and help US airports recover from the impacts of the COVID-19 pandemic”. The funding for the grants comes from the American Rescue Plan Act of 2021 President Biden signed into […]
In the new edition of its Infrastructure & Energy Outlook magazine, S&P Global Ratings examines how airports and aviation have fared amid a resurgence of restrictions in Europe, and looks ahead to the future of the sector. “The rebound in European air traffic has been delayed, and a more meaningful recovery will now have to […]
Global airport operator, TAV Airports, has officially taken over responsibility for operating Almaty Airport in Kazakhstan. TAV now owns 85% of Almaty Airport and its associated fuel and catering businesses with the Kazakhstan Infrastructure Fund – managed by VPE Capital and backed by Kazyna Capital Management – holding the remaining 15% stake. Almaty is the […]
TAV Airports today revealed that its global airport network handled 3.3 million domestic and 1.1 million international passengers during the first three months of 2021. The passenger total is 60% down on the corresponding period last year and was accompanied by a 50% drop in revenues. TAV Airports Holding’s executive board member and CEO Sani […]
Each year airlines begin new sustainability initiatives, experiment with biofuels, and offset their carbon emissions on selected flights; yet, sustainability should not only be a topic of discussion when an aircraft is in the air but also when it’s on the ground. In just one year, a Boeing 777, B787, Airbus A330, and A350, burn […]
VINCI Airports has won the 30-year concession to operate and develop seven airports in the north of Brazil – Manaus, Porto Velho, Rio Branco, Boa Vista, Cruzeiro do Sul, Tabatinga and Téfé. Considered the gateways to the Amazon region and neighbouring Brazilian states, the airports welcomed 4.7 million passengers between them in 2019, the bulk […]
