NEWS
AviaDev Europe’s managing director, Juraj Toth, discusses the economics of route development and the global value of aviation. In the past few months, the aviation industry has become an easy target in the global fight against climate change. People all around the world, but especially in Europe, have been pointing fingers at air transport as […]
Seven regional airports have announced their “shock” that Airways NZ, the national air traffic management organisation, wants to discuss the removal of air traffic control at their facilities in the wake of COVID-19. Napier, Gisborne, New Plymouth, Rotorua and Invercargill Airports, and the flight information service at Kapiti Coast and Milford Sound Airports, are reeling […]
Fred Lam, the CEO of Airport Authority Hong Kong (AAHK) has agreed to take a voluntary 20% pay cut for six months as part of the latest measures to help Hong Kong International Airport get through the coronavirus crisis. “The entire aviation industry is facing unprecedented difficulties because of the COVID-19 pandemic,” explained Lam. “The […]
Dubai International Airport (DXB) has moved quickly to facilitate an increase in the number of cargo operations to increase the volume of perishables and pharmaceuticals. During March 2020, the volume of fruit and vegetables handled at DXB increased by 88.5% (18,164 tonnes) year-on-year, while the volume of pharmaceuticals also increased by 49.4% (12,500 tonnes), driven […]
How are the world’s airport city/aerotropolis developments faring? Some hugely ambitious projects in the Asia-Pacific region come under the microscope in the first of a two-part global review by Dr John Kasarda. Today’s airports are powerful business magnets and metropolitan region economic accelerators. Functioning much like central train stations of our urban past, they increasingly […]
Brisbane Airport (BNE) has issued a message stating that it remains open for business, but with a heavily reduced capacity. The Queensland gateway is currently serving arriving and departing passenger flights across both the Domestic and International Terminals, freight traffic, and emergency services. Gert-Jan de Graaff, CEO of airport operator Brisbane Airport Corporation (BC), said […]
Global airport operator, Corporación América Airports (CAAP) has announced that it experienced a 14.6% drop in EBITDA in 2019 and outlined a number of business measures designed to guide it through the coronavirus crisis. Fiscal highlights in 2019 are said to include a year-on-year rise of 9.3% in consolidated revenues to $1.5 billion, while passenger […]
Singapore Changi has become the latest airport to announce plans to downsize its operations during the coronavirus crisis, closing Terminal 2 from May 1. Operator, Changi Airport Group (CAG), says that move is in response to “the steep decline in passenger traffic and the likelihood that air travel demand will not return to pre-Covid-19 levels […]
ACI World has today issued guidance on best practices to airports to help them adapt their airfield operations in response to the effects and impact of the COVID-19 pandemic. Based on a survey of the members of the ACI World Safety and Technical Standing Committee, around half of respondents had experienced a 90% or greater […]
ACI World has issued its loudest warning yet about the COVID-19 pandemic, fearing that it could wipe out two-fifths of passenger traffic and almost half of revenues for airports in 2020. In an economic bulletin published today, ACI World predicts that global passenger traffic close to two-fifths (38.1%) will be lost as compared to the […]
Simon Morris, vice president at ICF International, reviews some of the major airport transactions of last year and speculates what deals could be in store for 2020. Last year confounded the airport transaction pessimists with a high volume of good quality assets sold at healthy prices. And, although secondary sales predominated, there were nonetheless some […]
International transport and information logistics provider, cargo-partner, has become one of the first tenants of the recently completed BUD Cargo City at Budapest Airport. The company moved into its newly built office and warehouse at the Hungarian gateway on March 30. The new storage location offers pallet slots for temporary rack storage in a 1,200sqm warehouse, […]
