Airport investors forsake secondary airport transactions for larger deals that attract credit rating

Not so long ago airports were being acquired by the private sector from the public one or changing hands in secondary or tertiary transactions as frequently as new low-cost airlines were taking to the skies.

But now LCC start-ups are confined to Asia, airport transactions have pretty well dried up in the last six months or so, at least in the non-primary categories.

This short report briefly examines the reasons for this dearth of activity and at what type of transaction still remains popular and looks at some of the investors who have quit the sector and why. It is a precursor to a forthcoming CAPA report: "The intelligent investors' guide to investing in airports".