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| August 5, 2009 |
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Thank you for subscribing to ATW’s newest newsletter! Each month ATW’s Airports Today will report on what’s happening at airports around the world, featuring: Interviews with leading airport decision-makers, Airport privatization updates, Infrastructure projects, People in the news, Contracts and products. Do you have friends or colleagues who might find this information useful? If so, please forward this newsletter along to them or click here to sign them up.
MIA seeks new revenue sources In the final years of a $6.3 million airport redevelopment program, Miami International is looking at everything from a diversified shopping and services center to mineral extraction to gambling machines for the additional $500 million a year it will need to cover airport operations and debt service. [MORE] Airport traffic falls 5% in June as downturn flattens World airport passenger traffic fell 5% in June compared to June 2008 to 262.3 million, which represented a slowing of the downward trend from May, when traffic was down 8% year-over-year, according to Airports Council International. [MORE] BAA still hopeful for Gatwick sale The sale of London Gatwick by UK airport operator BAA is up in the air after the last remaining bidder refused to budge from its original £1.4 billion ($2.29 billion) offer. BAA parent Ferrovial reportedly wanted £1.5 billion, but a consortium led by Manchester Airports Group and Canadian infrastructure fund Borealis declined to increase its bid, according to press reports. [MORE]
Changi Airport spreads wings to India Changi Airports International, the international development subsidiary of Singapore's Changi Airport Group, took a 26% stake in Bengal Aerotropolis Projects Ltd. to develop an "aerotropolis" in the fast-growing Durgapur-Asansol region of eastern India. According to CAI, this involves the setting up of an industrial park, a logistics hub, an information technology park and a township around the privately owned airport. It is Changi's first investment in an Indian greenfield airport city project. Overall, the project aims to attract about $2.5 billion of investments. [MORE] EC seeks to improve baggage handling at EU airports European Commission described the number of mislaid, damaged or lost bags at EU airports as "excessive and unacceptable" and said it is considering ways to improve current legislation if the situation does not improve. [MORE] Ryanair cuts capacity at London Stansted, Dublin Ryanair will reduce winter schedule capacity at London Stansted by 40%, operating just 24 aircraft from the airport compared to the present 40. CEO Michael O'Leary said the decision "shows just how much [UK Prime Minister] Gordon Brown's £10 ($16.46) tourist tax and the BAA Monopoly's high airport charges are damaging London and UK tourism and the British economy generally," while reiterating that STN is one of Ryanair's two most expensive bases, the other being Dublin. The airline said BAA rejected its call for "deep cuts in these high passenger fees" this winter. In November, the UK's air passenger duty on short-haul economy flights will increase to £11 from £10. [MORE]
Other News Assn. of European Airlines expressed concern Frankfurt International reported that a total of 24.2 million passengers used the airport BAA reported a total of 55.2 million passengers at its UK airports Munich Airport saw the number of passengers decline [MORE] |
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