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SNC Lavalin to manage Castellón airport Airports

The “man-plane” statue built by Juan Ripollés at Castellón Airport by Sanbec / Wikimedia Commons

The Canadian group SNC Lavalin Airports (subsidiary of the Canadian engineering firm SNC-Lavalin) will exploit the Castellón Airport during 20 years for 24.5 million Euros.The airport costed 170 million Euros of public money but has no flights so far after its inauguration nearly three years ago.The award has not been confirmed yet, but the agreement seems to be very near. Details are not known for the moment. Apart from those 24.5 million Euros, the Valencia autonomous region Government would get further incomes only in the case that the airport served over 1.2 million passengers. In this case, SNC Lavalin would pay 1 Euro…

Air Nostrum negotiating with a small group of investors to sell the company Airlines

Air Nostrum Fokker 50 in Faro (FAO / LPFR) Portugal, 1997

Air Nostrum Negotiating: As advanced in this blog the main Air Nostrum share holders are planning to sell the airline. Is Air Nostrum negotiating? Yesterday, ValenciaPlaza.com informed that the sale of the airline might be at the final stage. In fact, a small group of investors who might be interested in the process are in contact with Seabury, the advisor hired by Air Nostrum.The name of these investors is not known yet but they are expecting to close the operation in May. Photo: Pedro Aragão / Wikimedia Commons

The Government to create a regulatory framework for the Aena privatisation Airports,Charges,Regulations

Ana Pastor in Nov 2007 by Partido Popular de Cataluña / Wikimedia Commons

The minister of Fomento, Ana Pastor, announced they are working on a regulatory framework for the Aena privatisation which guarantees the public interest of the Spanish airport net before its privatisation. This regulatory framework should have been developed by the end of the current year.However she said that the privatisation will start “only when the Government is ready and the appropriate market conditions are detected”.Pastor explained that the new regulatory framework “will set the maximum quality and service levels, as well as schemes for revenues and investments”. Also, the maximum charges would be regulated, considering that a big concern of…

Airlines request consensus before the Aena privatisation Regulations

TUI aircraft in Lanzarote airport / Fotolia

On October 21 the Government’s Consulting Council of Privatisation—CCP—published a report which confirmed the fact that they are now open to privatise Aena by 60% as we had anticipated.ActualidadAerospacial.com informed that the Council of Ministers shall approve a Royal Decree to authorise the privatisation process of Aena Aeropuertos. Aena Aeropuertos to be split in three partsThe first part would be a stable nucleus with a group of leading shareholders made up of 3 to 5 investors, to purchase shares by between 20% and 30% of the Capital Stock. Each investor would have an individual share between 5% and 10%. Amongst other requirements, these investors would…

The Government is now open to privatise Aena by 60% Airports

In spite of the fact that Aena intended to keep 51% of the company after its partial privatisation, Hispanidad informed on Friday that this approach would have been refused by the market and hence the Ministry is forced to lose control over AenaFor their part, Aena would not accept the proposal made by some companies like Abertis for selling the Barcelona and Madrid airport management: “Territorial solidarity cannot be broken, the safety of the net must be kept”.For these reasons, the Ministry’s current plan is to privatise Aena by 60% which, according to the Aena’s calculations is estimated at 10,800 million Euros. The…

Air Nostrum main share holders to sell the airline Airlines

AirNostrum web site screenshot

Sources from Air Nostrum confirmed to ValenciaPlaza.com that the airline hired advisors – Seabury – who are working on a “capital reorganisation”. According to this information, the most interesting option would be to find an investor to whom they can sell the airline by 100%.Air Nostrum is currently undergoing a deep restructuring process after several years making loses. The Valencia based airline has significantly reduced activity. In fact they had lost passengers by 17.93% in August this year, nearly 1 million users with regard to the same period of 2012 and grounded a part of their fleet. These measures came with redundancy and salary cuts.All together would have made the company’s…

Agreement between the Government of Murcia and Aena on Corvera Airports

Once the contract of Sacyr has been cancelled as we had explained in this blog, MurciaEconomia.com informs that the Government of Murcia and Aena reached an agreement. The president of the Autonomous Region— Ramón Luis Valcárcel—reached an agreement with the Minister of Development—Ana Pastor— and the president of Aena—José Manuel Vargas—on Monday to transfer all commercial flights from San Javier to Corvera AirportDuring the meeting they anticipated that Aena would have to be compensated for the investment made in San Javier, now estimated at 54 million euros, to be paid between the Ministry of Defence and the company which gets the license for the exploitation of Corvera….

New Menorca based startup to be presented this week Airlines

According to the information from hosteltur, Mariano Bendito and Lorenzo Moll, two entrepreneurs from Menorca, are working on a new Menorca based startup for the island which may solve its lack of connectivity. They already have the support from the Balearic institutions, a bank and several other entrepreneurs. Also, they would count with the “Aena’s receptiveness”.The project will be presented on the 13th of September and would foresee the lease of three 109-seater Fokker-100’s and one 78-seater Fokker-70 to operate interisland flights as well as to connect Menorca with other Spanish cities. Later on, they would seek to operate with other European destinations…

Works to improve the Gran Canaria airport terminal Airports

On the 28th of August Aena published a press release about the works which are being carried out at Gran Canaria Airport. A summary translation follows below for your information: The new configuration for the security controls will be already working tomorrow, the 29th of August. This will let passengers go to the boarding area through the duty-free shops placed just behind it. Aena is carrying out these works in phases in order to minimize the impact on the passengers, scheduling most of them in low season. All phases will be available in peak periods. The target in this first phase…

Air Nostrum to lease out six aircrafts Airlines

The Air Nostrum plan to increase revenues by leasing a part of their fleet is starting to work. After several attempts to rent some aircrafts to operators from Panama or Uruguay, the airline is about to reach an agreement and lease some planes to an Argentine airline.According to local media Sol Líneas Aéreas will operate between two and six 50-seater CRJ-200 from the Air Nostrum fleet as from October, who no longer use this aircraft type due to lack of efficiency for their traditional schedule market.This operation would follow the new guidelines that Carlos Bertomeu, CEO for Air Nostrum, announced last November. The airline started a…