Airport investors forsake secondary airport transactions: Part 2

The first part of this report, entitled "Airport investors forsake secondary airport transactions for larger deals that attract credit rating", outlined the seeming trend towards a more highly tuned focus on airport investment, where a more conservative profile could be due to the emergence of a new wave of investor; these include investment funds, pension, hedge and sovereign wealth funds and venture capitalists.

It also reviewed some of the global markets where transactions are in train or recently completed, relying on CAPA's Global Airport Investors Database, a part of our Airport Data Suite, noting that one reason for the trend could be found in a recent ACI-Europe report which showed that 44% of Europe's airports are loss-making, mostly smaller regional ones.

This second part contains primarily a summary of those secondary airports globally which are currently for sale/lease/concession or where a transaction was recently concluded. As a complement to that a list is provided of former investors which have discontinued investing; among these private equity and hedge funds are conspicuous.