Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) signed an agreement on August 6, 2018, to sell its entire 30 percent stake in Flughafen Hannover-Langenhagen GmbH (FHLG) to iCON Flughafen GmbH (iCON) – part of the iCON Infrastructure Group – for 109.2 million euros. FHLG is the operating company of Hanover Airport (HAJ) in northern Germany. Fraport acquired shares in …
The economic progress of Malaysia and a growing number of high net-worth individuals in the country is leading to a steady growth in the demand for business aviation. This coupled with the regional dynamics of the industry, wherein existing hubs such as Singapore’s Selatar airport and Hong Kong International Airport are giving preference to commercial flights, present an ideal moment …
Ryanair’s Board on 25 July, 2018 approved a plan to cut its Dublin based fleet from 30 to (at most) 24 aircraft for the winter 2018 season. These reductions have been driven by the rapid growth of Ryanair’s Polish charter airline, which is growing profitably in 2018, allied to a down turn in forward bookings and airfares in Ireland partly …
U.S. Department of Transportation Secretary Elaine L. Chao today announced the Federal Aviation Administration (FAA) will award $659.8 million in airport infrastructure grants, as part of $3.18 billion in Airport Improvement Program (AIP) funding for airports across the United States. This second increment of funding provides 450 grants that will fund 664 infrastructure projects including runways, taxiways, aprons, terminals, aircraft rescue and firefighting vehicles, …
Hong Kong International Airport (HKIA) announced that all three traffic categories saw steady growth in the first half of 2018. From January to June of this year, HKIA handled 36.9 million passengers and 2.5 million tonnes of cargo and airmail, representing increases of 3.4% and 3.5%, respectively, over the same period last year. Flight movements increased 2.3% to 211,285 year …
Following the Intergovernmental Agreement signed between France and Ukraine on 8 June, Airbus Helicopters has signed a contract with the Ukrainian Ministry of Interior for the purchase of 55 civil helicopters destined for search and rescue (SAR), public services, and emergency medical service (EMS) missions in the country. The 55 aircraft include 21 repurposed H225s, and 10 brand new H145s …
Philippine Airlines (PAL) has taken delivery of its first A350 XWB at a special event in Toulouse, France, becoming the 19th airline to operate the world’s most modern and efficient long range airliner. Altogether, Philippine Airlines has ordered six A350-900s, which will be primarily operated on non-stop services to Europe and North America. These will include the carrier’s longest route to …
The Ontario International Airport Authority (OIAA) approved a lease agreement with FedEx Express to solidify the company’s presence and continue operations at Ontario International Airport (ONT) for at least three more decades. Under terms of the initial 30-year lease, FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, will relocate its operations to a 51.1-acre site located …
Hudson Group announced the City of Burlington, Vermont has approved a 10-year concessions contract extension at Burlington International Airport (BTV). As the incumbent retail concessionaire at BTV since 2003, the joint-venture agreement includes 3,182 square feet of retail space. Retail concepts represented in the extension include three Vermont eccentric travel essentials and convenience stores: Discover Vermont/Hudson, Lake Champlain News, and …
Finavia, the operator of 21 airports in Finland, has opened a public procurement procedure and is calling for new commercial operators at Finland’s largest international airport, Helsinki Airport. The tender will be executed according to the EU Concession Directive and includes a total of 13 new commercial spaces for retail and food & beverage. “Helsinki Airport ranks as the best …
