INVESTING IN AIRPORTS
In this two-part article, Marnix (Max) Groot, managing editor of the Momberger Airport Information newsletter, reports on a selection of infrastructure development projects that are either underway or planned across Asia. While Asia has been slower to recover from COVID-19 than other regions, the future looks bright, with hundreds of airports either being built, upgraded […]
Construction work on the new pier at Munich Airport’s Terminal is progressing rapidly and on target for completion at the end of 2025, the German gateway revealed today. The exterior façade was completed last year and the interior fit-out is said to be making great strides, The new €665 million pier will bundle the non-Schengen […]
Parma International Airport has a major new shareholder after Canadian aviation company, Centerline Airport Partners, announced the acquisition of a 51% stake in the Italian gateway. Centerline believes that the strategic investment underscores its commitment to enhancing connectivity, air service development, customer experience, and safety at the airport in line with its approved master plan […]
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: “Since […]
The new international terminal at Almaty Airport in Kazakhstan welcomed its first passengers today. The gateway is targeting Excellence in Design for Greater Efficiencies (EDGE) certification for the new $200 million terminal, which raises the airport’s capacity to more than 14 million passengers per annum. The first passengers arrived at the new TAV Airports funded terminal this […]
Qantas and Perth Airport have today reached an historic commercial agreement which will unlock a multi-billion-dollar wave of investment and deliver new international and domestic flights, giving a major boost to Australia’s tourism industry. As part of the 12-year agreement, Perth Airport will invest around A$3 billion in new terminal facilities and a new parallel […]
Mexican airport operator, Grupo Aeroportuario del Centro Norte (OMA), has inaugurated the first phase of a €400 million investment programme at Monterrey International airport. The delivery of the new East Concourse of Terminal A is a major milestone of a five-year expansion programme that will bring a significant step in the ongoing expansion of Mexico. […]
LaGuardia Gateway Partners (LGP) has announced that Terminal B at LaGuardia Airport has been awarded its second LEED Gold certification, this time for its operations and maintenance (O&M) practices. It believes that the prestigious accolade underscores LGP’s “unwavering commitment to sustainability and environmental stewardship in aviation infrastructure”. LEED certification by the US Green Building Council […]
Global airport investor, VINCI Airports, has acquired a 50.01% stake in Edinburgh Airport in Scotland. It will now work in partnership with Global Infrastructure Partners on developing the gateway, which supports 28,000 jobs in Scotland and contributes £1.4 billion a year to the Scottish economy. Sir John Elvidge, chairman of Edinburgh Airport, said: “We are […]
TAV Airports is to invest $275 million on expanding the existing terminal and building a new domestic terminal at Madinah Airport (Medina) in Saudi Arabia. It says that the investment is needed to ensure that the airport is equipped to handle 18 million passengers per annum, allowing it to meet “surging passenger traffic”, which last […]
The Port Authority of New York and New Jersey (PANYNJ), The New Terminal One (NTO) and Unibail-Rodamco-Westfield (URW) Airports have announced the launch of the commercial programme for the privately funded $9.5 billion all-international terminal scheduled to open in 2026 as part of the $19 billion transformation of New York-JFK. According to the trio, the […]
IGA Istanbul Airport has outlined its plans for 2024, with CEO, Selahattin Bilgen, promising that it will be a “year of investments”. Speaking during the Turkish gateway’s annual press conference, Bilgen stated that the airport invested €160 million in 2023 and would increase that to €656.5 million this year. He also revealed the airport’s key […]
