Airport Operators & Concessions • Global Market Update • December 2017

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December 2017

United States – Nov 20/17 – Election Results Cast Doubt on Westchester Deal Macquarie Infrastructure has emerged as preferred bidder for the rights to manage and develop Westchester County Airport (HPN), edging out the odds-on favorite Oaktree Capital Management. Oaktree made an uncontested offer for HPN late last year totaling USD$111m for a 40-year term. […]

Airport Operators & Concessions • Global Market Update • November 2017

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November 2017

Colombia – Oct 20/17 – Mexico’s ASUR Acquires Colombian Airport Assets   The Mexican airport operator Aeropuertos del Sureste (ASUR) has received authorization from the Colombian authorities to acquire majority interest in operators Airplan and Aeropuertos Oriente. The total ticket price is reported to US$262m. Iran – Oct 15/17 – Iran Seeks Private Sector Capital for […]

Airport Operators & Concessions • Global Market Update • October 2017

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Brazil – Sep 20/17 – Brazil Ponders Option of IPO for Infraero In late June Brazil announced plans to concession the remaining 54 Infraero-operated airports and shut down the government-owned company however, as industry reaction to this plan was less than enthusiastic given the modest traffic and profitability prospects of these remaining airports, the government […]

Airport Operators & Concessions • Global Market Update • September 2017

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Vietnam – Aug 25/17 – Chinese & Hong Kong Firms Eye Long Thanh Project A group of Chinese and Hong Kong based firms are actively seeking Vietnam Ministry of Transport approval to invest in four large-scale infrastructure projects in the country totaling roughly USD50 billion, including Long Thanh International Airport. The Ministry places the total cost […]

Airport Operators & Concessions • Global Market Update • August 2017

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August 2017

Paraguay – Jul 20/17 – Asuncion Concession Award Hangs in the Balance The future of the Asuncion concession award hangs in the balance, as the country’s Ministry of Public Works has filed an appeal to the Comptroller General to reconsider its findings. Earlier in the year, the comptroller raised issue with the tender process due […]

Airport Operators & Concessions • Global Market Update • June 2017

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June 2017

Philippines – May 26/17 – Philippines Kills Bid Process for Regional Airports Following recent extension of the pre-qualification deadline, in a surprise move, the Philippine government cancelled the de-bundled bid process for concession five regional airports: Bacolod-Silay, Davao, Laguindingan, Iloilo and New Bohol (Panglao). The airports were initially put up for bid in 2015, however […]

Airport Operators & Concessions • Global Market Update • May 2017

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May 2017

Spain – Apr 22/17 – Corvera Airport Faces Another Challenge The Corvera Airport is facing yet another challenge from AENA, the operator of nearby San Javier and Alicante airports, in the form of an appeal to the Central Administrative Tribunal of Contractual Resources. Corvera was completed back in 2012, but remains unopened and mired in controversy […]

Airport Operators & Concessions • Global Market Update • April 2017

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Brazil – Mar 20/17 – Rio-Galeão Airport Shares Set to Change Hands Odebrecht S.A. is reported to be close to an agreement with Canada’s PSP Investments to sell its 60% stake in Brazil’s Rio de Janeiro–Galeão airport. The proposed sale is aimed at bringing an end to the stalemate with the Brazilian government and national development […]

Airport Operators & Concessions • Global Market Update • March 2017

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March 2017

Jordan – Feb 28/17 – Queen Alia Project Hailed a Success Almost 10 years on, the Queen Alia Int’l Airport project is being hailed a success story, with consistent double-digit annual passenger growth and a nearly two-fold increase in total annual traffic volumes since the start of the concession. At the same time, the project has produced over […]