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 is now said to be considering the option of an IPO for Infraero.
Japan – Sep 17/17 – Three Groups Advance in Bid for Fukuoka
The Japanese government announced that three out of the five consortia that expressed interest in the Fukuoka Airport concession have advanced to the second round of the proposal process which will commence in Mar. 2018 with designation of “priority negotiation rights” by May 2018 and transfer to private management and operation targeted for Apr. 2019.
Philippines – Sep 13/17 – New Mactan-Cebu Terminal Taking Shape
The GMR-Megawide consortium, which recently played host to the GAD-Asia conference in Cebu, Philippines, provided delegates with a first-hand view of the new Mactan-Cebu terminal. The ambitious project, which is now well-advanced, involves the construction of an innovative and elegant laminated wood beam structure designed with a capacity 8m pax/year. The consortium was awarded the right to operate and develop Mactan-Cebu’s airport in 2014 under a 25-year PPP concession.
Montenegro – Sep 11/17 – Montenegro Seeks Foreign Investors for Int’l Airports
The government Montenegro recently initiated discussions with foreign investors for concession of Podgorica and Tivat airports, including parties from Azerbaijan, Canada, China, Turkey and UAE. Podgorica and Tivat handled roughly 775,000 up to mid-year 2017, a year-on-year rise of ~23%. State-owned Airports of Montenegro is the current operator.
Philippines – Sep 09/17 – Philippines Pursues Alternative for Regional Airports
Following cancellation of the concession process for Bacolod-Silay, Davao, Laguindingan, Iloilo and New Bohol (Panglao) earlier in the year, the Philippines government is reported to be seeking official development assistance loans to finance the construction of these five regional airports. Feasibility studies are expected by the end of the year.
United States – Sep 08/17 – Ferrovial Clinches Denver-Jeppesen Deal
The Ferrovial-led consortium has, at last, sealed the deal for comprehensive upgrade of the Jeppesen Terminal at Denver International Airport. The 34-year PPP concession includes USD650m of new capital investment and the group is targeting financial close by the end of the year. The Denver PPP project come on the heels of the Vantage deal for LaGuardia.
Greece – Sep 06/17 – Airports Critical to Success of Greek Bailout Programme
The Greek state’s airport privatization program is expected to feature critically in negotiations, as the country’s coalition government begins review of its bailout program. A Fraport-led consortium holds concessions over 14 regional Greek airports, the GEK-Terna group has been given the nod to develop the new Kasteli greenfield airport in Crete and privately-operated Athens airport recently received a 20-year extension of its long-term concession of the nation’s premier international gateway.
Cambodia – Sep 07/17 – New Siem Reap Airport Works to Kick Off in Early 2018
The new Siem Reap International Airport, to be developed by Chinese stated-owned Yunnan Investment Holdings, is slated to break ground in early 2018. Meanwhile, the future Siem Reap-Angkor International Airport, under long-term concession to VINCI, faces uncertainty given the close proximity of the two airports and their overlapping market catchment.
Sri Lanka – Sep 03/17 – India Eyes Development of Sri Lankan Airport
The India government is reported to be pursuing a deal with Sri Lanka to “operate, manage, maintain and develop” the Mattala Rajapaksa International Airport. The Civil Aviation Ministry has been given the green light to study the Indian proposal via a special committee. Under the proposal, India would hold 70% equity in a joint venture under a 40 year concession, investing USD$205 million, with Sri Lanka contributing USD$88m to the project.
Germany – Sep 01/17 – Frankfurt-Hahn Controlling Stake Sold to Chinese
The sale of an 82.5% stake in Frankfurt-Hahn Airport has been finalized, China’s HNA Group (parent of Hainan Airlines). The purchase valued at €15.1 million, was subject to European regulatory approval, includes €25.3m in subsidies. The HNA deal comes in the wake of a deal with another Chinese investor group which collapsed prior to financial close.