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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…

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…

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…

Aena chose legal advisors for its privatisation Regulations

Last Friday, 26 April, Aena awarded the financial and legal advising services for the privatisation process.The financial advisor will be Lazard Asesores Financieros and N+1 Corporate Finance.The legal advisors will be Pérez Llorca Abogados.According to elEconomista the Government aims to have finalised this procedure by the end of this year and would keep at least 51% of Aena.   Source: Aena.es

Aena moderates the tax increase Charges

The Minister of Public Works, Ana Pastor, has mediated between Aena and the airlines so that they can reach an agreement which might help to alleviate the industry.As a result of this approach between Aena and ALA—airline’s association—the expected tax increase of IPC + 5% which was already applied for the current year, would not be applied again in five years. According to the media, this might have been called pax tarifaria (tax peace) between both parties. Also, Aena expects ACETA—one of the Spanish airline’s associations—joins this agreement too.This change of stance in Aena might be intended to have an overall support…