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Tag Archives: Vargas

Madrid runway closure postponed by Courts Airports,Regulations

Runway 36L at Terminal 4, Madrid Barajas airport by Mario Rubio García - Flickr

On December 9, ElMundo informed that the High Court of Madrid asked Aena to cease the noise affecting the residential complex of Ciudad Santo Domingo due to the aircrafts landing at Barajas airport. In particular, Aena was requested to reduce operations by 30% the flights allocated by Aena in 2004 (about 20,730 approaches). This reduction was supposed to be effective no later than two months after the order’s notification. The 18R runway of Madrid airport was the one affected by this decision. This has nothing to do with the fact that the runway will be closed for construction for almost a month. However, last Wednesday ElEconomista published a piece informing…

Murcia Region: Another airport for Aena in the Mediterranean Airports

La manga del Mar Menor, in Murcia by Enrique Freire / Wikimedia Commons

Last week Vozpopuli announced that the government of the Autonomous Community of Murcia has given Sacyr a one week period to obtain a bank guarantee covering the loses for the first years of operation. Failure to obtain the guarantee would result in the definitive loss of the grant, which would be handed over to a new entity. That entity could be AENA. The president of the Autonomous Community, Alberto Garre has already announced that it would participate in the tender. Garre had promised in May that Corvera would open in October or November. However, the date was delayed until the…

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…

Gómez-Pomar becomes new chairman of Enaire Regulations

Julio Gómez-Pomar in October 2012 at the closure of a Business development Programme for Renfe / Flickr - EOI Escuela de Organiación Industrial

On October 3, Julio Gómez-Pomar replaced Rafael Catalá as State Secretary for Infrastructure. According to Logística Profesional it was Ana Pastor – Minister of Development- who suggested Gómez-Pomar is appointed Secretary state for Infrastructure, Transport and Housing. This was approved by the Government’s board on October 3. Due to the unexpected resignation of the former Minister of Justice – Alberto Ruiz-Gallardón – Rafael Catalá was chosen to replace him. Catalá had recently taken over Enaire in preparation for the privatisation of the former Aena Aeropuertos, today Aena, SA. Enaire is a State company currently 100% responsible for Aena, SA. Next month, 49% of Aena SA will be…

ENAIRE: Catalá replaces Vargas Regulations

Barcelona airport ATC tower / Victor

Last Tuesday, the Spanish Official Gazette (BOE) published the José Manuel Vargas cessation as chairman of the public company ENAIRE.The Royal Decree published in BOE on the 5th of July considered, with Article 18, two name changes: On the one hand, the change from Aena Aeropuertos, S.A. to Aena, S.A. This is the airport owner, the part of Aena which is being privatised. On the other hand, Aeropuertos Españoles y Navegación Aérea – AENA – becomes ENAIRE.As we had already explained, the part of Aena which used to be responsible for air navigation is, therefore, from now on ENAIRE. It will continue to be a public company…

Aena Privatisation: Competition disagrees, Ryanair interested Airports,Regulations

Ryanair and Iberia in competition

As soon as the Aena privatisation was definitely confirmed by the Minister many thoughts, interpretations and declarations have appeared in the Spanish media. Since this is something that we have been following very closely, we have extracted some pieces of news which may be relevant to the subject.The National Competition Commission disagreesFirst of all, ElMundo.es published a thorough article informing that the Spanish Competition Commission is not happy with the privatisation as it has been planned by the Government. In their view, it will not benefit the industry to keep the airport net monopoly. For Competition it would be better to separate Aena in…

Madrid charges: Agreement for reduction Charges

Iberia aircrafts at Madrid airport / jmiguel rodriguez

The President of the Madrid Autonomous Region, Mr. Ignacio González, announced yesterday that an agreement with Iberia and Aena has been reached to reduce Madrid charges. Adolfo Suárez, Madrid-Barajas is the airport’s brand new name. González anticipated that 17 new routes will be opened.Last week, the Minister of Development, Ms. Ana Pastor, had met Mr. González, the Madrid Mayor – Ms. Ana Botella – and Mr. Luis Gallego – Iberia’s chairman, to promote air traffic in Madrid airport.During the meeting, also attended by the AENA’s chairman Mr. José Manuel Vargas, representatives of the Ministry of Development, the City Hall and the Autonomous Region,…

Profitable airports dropped to eight in 2012 Airports

Palma de Mallorca one of the profitable airports / shutterstock

Despite the efforts to reduce costs and increase revenues, in 2012 the number of profitable airports dropped from eleven to eight.Thus, the only profitable airports where Bilbao, Ibiza, Lanzarote, Valencia, Tenerife South, Seville, Barcelona and Palma de Mallorca. The latter two made a 73 million Euro profit each.Alicante, Valencia and Fuerteventura entered into losses in 2012, to join a list where Madrid, Málaga, Santiago de Compostela and La Palma are emphasised.Aena, chaired by José Manuel Vargas, expect an EBITDA of 1,600 million Euros at the end of this year. Traffic has dropped in the Spanish airports by 4.4% up to October, but the foreign passenger growth might help to improve figures at the end of the year. In the…

Aena to apply subsidies of 50% for all Spanish Airports in 2014 Charges,Regulations

In spite of the fact that the State Secretary for Infrastructure did not rule out tax reductions for Madrid airport, the Ministry of Development is preparing a subvention plan for airlines which increase traffic in Spain by the application of discounts to airport charges that will range between 25% and 50%. Thus, Aena to apply subsidies in 2014 too.The measure, which means the biggest incentive within the European air transport market, shall be adopted due to an amendment from the party in the Government to the State Budget Law, which is currently in the parliamentary procedure.The final detail of incentives is…

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….