Breaking News

Tag Archives: TCI

Aena tells airlines it will not lower fees Charges,Regulations

Aena Logo by Ricardo Ricote Rodríguez - Flickr

El Economista reported that the third meeting in the consulting process between the administrator of the airport network (Aena) and the airlines that operate in Spain took place yesterday. During the meeting, Aena confirmed that it wants to freeze the fees and subsidies for new routes and increase in passengers at a time in which air traffic is on the rise -the year could end with a 4% increase- and the company is already listed in the stock exchange. The airlines, on the other hand, would like to lower fees that are now frozen until 2025. The Minister of Development,…

Aena Unions call 27 days of strike before its partial privatisation Airports,Regulations

Madrid airport Terminal 4

After a meeting held yesterday morning with the representatives from the airport manager, the Spanish Unions CCOO and USO have decided to go ahead with the strike that had been called for 27 days of stops in Aena.  Thus, ElEconomista informed that the first stop will take place on Wednesday, February 11 which coincides with the planned date for the Aena’s IPO. This first stop has been scheduled to be carried out between 10:00 and 13:00 local time. CCOO and USO claim that Aena is not complying with the collective agreement. For instance, they are not complying with the minimum staff of 8,000…

Aena new shareholders to acquire 21% of the company Regulations

Aena offices in Madrid / Luis García - Wikimedia Commons

As we have been informing, another step has been taken in the Aena privatisation process. Last Tuesday they announced the names of the Aena new shareholders who are creating the stable nucleus. Aena had 21% of the company reserved for three main shareholders which made up a big private stable nucleus in the public entity. Thus, the new shareholders are Corporación Financiera Alba (subsidiary of Banca March), Ferrovial and the Children’s  Investment Fund Management (TCI). Corporación Financiera Alba will be the largest private shareholder with 8% of the shares. Then, both Ferrovial and TCI will get 6.5% each. ElMundo.es informed that November 12 is the date when…