Breaking News

Tag Archives: Investments

Handling licenses in Spain Handling

In continuation with the tender for the handling licenses in Spain, please see below the following two pieces of news which might be of your interest:Menzies aims to become one of the 3 main handling operators in SpainEuropa Press informs that Menzies will place bids to become one of the three main handling operators in Spain.They aim to get the ramp handling licences for, at least, one of the 3 groups in which the 24 smaller airports have been spread. Each group would have an overall passenger volume by 3 million and they will be the first invitation to tender. Afterwards, there…

Aena to sell Aena Aeropuertos by 51% after buying Luton Airport Airports,Regulations

Today, we are translating this piece of news that eldiario.es published yesterday. We believe this may help to follow the current situation in the privatisation of Aena Aeropuertos: Sources from Aena have confirmed they are about to reach an agreement with Abertis in order to disinvest from twenty international airports that they own and manage through TBI. They intend to get rid of all but Luton Airport. All the shares from TBI—currently Abertis (90%) and Aena (10%)—would go to the public company, with the financial support from the insurance company AXA. Experts from the airport industry have assured that the acquisition of Luton by Aena…

Four out of the ten most profitable Spanish airports are in the Canaries Airports

After the huge investment during the last years in the Spanish airport net there are three terminals which are closed, four have no scheduled flights and other twelve which hardly have planes.Out of the 42 airports managed by Aena, only 10 are profitable and 4 out of them are in the Canaries. Tenerife South is leading this profitable airport list. The most updated information from the Ministry of Public Works (Fomento) is of 2011 when Tenerife South got a profit for 24.98 million euros, Gran Canaria obtained 22.93 million and Lanzarote 8.67 million. Fuerteventura finished that year with a balance for 1.21 million euros. In the contrary, La Palma lost…

Ministry postponed the Aena privatisation Regulations

According to elEconomista.es “It has already been decided. The Ministry postponed the Aena privatisation until the spring of 2014″.In spite of the fact that the Government had said the best moment could be October this year, they have now decided to give it more time in order to get investors.However, in October 2013 they would present the roadmap with details such as the percentage of the company to be sold, etc.Apparently, the most likely alternative would be to launch an IPO (initial public offering) in two parts: one for institutional investors and another for small share holders.Delaying the process would not only…

60% of the passengers fly to Valencia with Low Cost airlines Airlines,Airports,FC Tools

Despite the 54 million euro investment to improve the facilities, the figures of Valencia airport are not getting any better.According to the information published by Aena, Valencia lost passengers by 0.6% with regard to May 2012.Only low cost airlines can keep the airport operating, since they bring 60% of the passengers—information from Valencia Turism provided by Aena—to Valencia.Ryanair is the first operator at the aiport. In 2012 they transported 41% of the passengers. For the current summer season, they offer flights to 33 destinations: 9 domestic and 24 international.The other 20% is distributed among Vueling (9%), easyJet (4%), Transavia (3%) and Wizz Air (3%)After them, Volotea is back in Valencia…

Norwegian to help Aena fight the easyJet and Ryanair duopoly Airlines

Norwegian will become the airline which Aena would have been looking for since some time ago. They are supposed to help Aena in fighting the Ryanair and easyJet duopoly on the Madrid airport low cost industry. Hence, they are finishing the negotiations to open two operational bases at Madrid and Barcelona.According to this piece of news, it is in Madrid more than in Barcelona, where easyJet and, above all, Ryanair use their capacity to break the will of the Spanish Government.The different interests of the biggest low cost airlines with regard to the Aena’s transformation process are even more obvious…

The Ministry forced to lose the control over Aena Airports,Regulations

Getting back to the privatization of Aena and considering the results from the consultation process that they had performed, the company has already arranged the details for such operation, which would correspond to 51% of the capital. The possibility of selling the company only by 49% would reduce the value of the operation considering that the private partners would still have to depend on the Ministry of Public Works. Hence, they would now be willing to lose the control over Aena. The advisors have recommended that Aena forgets about selling a minority part of the public company because it is not attractive to…

Castellón airport runway OK, a safety plan is left Airports,FC Tools

Aena, responsible for the test flight, has issued a positive report. Before that, the air space had been approved by the Ministries of Public works and Defense. Some test flights were operated with a Beechcraft B-300 on 18 Feb.According to local media, an airfield has been already assigned and the routes for approach are already fixed.Begining this week Aena certified that the 2,700 meter Castellón airport runway can accept commercial flights. However, for its final approval, customs must be certified by the Home Office. Moreover, an updated safety plan must be issued.Castellón Airport was inaugurated on 25 March 2011. More than…

Aena to moderate the increases as from 2014 Charges

Aena to moderate the increases: Following with our post about a possible moderation in the increase of charges that Aena might be considering, laprovincia.es informed on Wednesday in the same direction.According to this piece of news, the drop in traffic might have forced Aena to moderate the increases.In spite of the fact that the law allows Aena to increase their charges with 5 points over the CPI, Aena would be willing to soften the financial crisis impact on the industry. Hence, they would have specified that these increases might be moderated as from 2014.The option they are working with at this moment is to…

The new Murcia airport to remain closed Airports

Stop sign

Due to the lack of agreement between Aena, Aeromur — the building company — and the Government of Murcia, the new Murcia airport remains closed one year after the works finished.Sources which would have contacted with ElConfidencial.com say that they think it will not be possible to open before October or even November. Therefore the new Murcia airport, Corvera International Airport will continue to be closed for the second summer season and San Javier will remain operative.The negotiations for Aena to accept managing Corvera Airport and transfering employees, services and airlines from San Javier are blocked because Aena would require to be compensated for the…