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Japan’s Kansai Airport Company considering foreign and domestic investors for Osaka airports

14-Dec-2012

Japan’s New Kansai International Airport Company (NKIAC) president Keiichi Ando revealed the company has started considering foreign and domestic investors to manage the airports for 40-50 years. The company aims to raise USD7 billion to USD15 billion in the privatisation process. This could be the first of 29 airport privatisations there.

Mr Ando commented, “This is the first large infrastructure transaction in Japan and…if it succeeds, the government intends to privatise regional airports as well. In addition, there is also talk that it will be necessary to privatise infrastructure, such as toll roads,” Mr Ando said. The deal, which is expected to be completed in 2015, would involve private investors managing both the Kansai International and Osaka International (Itami) airports, whose managements were integrated into a new company this year to help offset Kansai’s enormous debt burden and in preparation for a privatisation procedure.

The new company is a wholly-owned one that owns the runways at the airports, the land assets of Osaka Airport and Kansai Airport's terminal building. After the successful integration of the management of the airports, the government now aims to sell the right to operate the airports to the private sector. [2586 words]

Unlock the following contents in this report:

Subheadings:

  • Uncertain response from investors
  • LCCs shake up the airport sector
  • Kansai LCCT built along European lines
  • Third Kansai terminal to follow, also targeting LCCs
  • Itami’s future role is unclear
  • Positive financial results in 1H2012
  • Traffic data: Kansai Airport, Dec-2012
  • Traffic data: Itami Airport, Dec-2012
  • Management contract out at 27 airports by 2014

Graphs and data:

  • Japan LCC capacity share (%) of total seats: 2001 - 2012
  • NKIAC financial highlights (USD million): six months ended 30-Sep-2012
  • Osaka Kansai International Airport scheduled services Network Summary: at 03-Dec-2012
  • Osaka Kansai International Airport international vs. domestic capacity seats share: 03-Dec-2012 to 09-Dec-2012
  • Osaka Kansai International Airport capacity share (% of seats) by carrier: 03-Dec-2012 to 09-Dec-2012
  • Osaka Kansai International Airport capacity share (% of seats) by carrier type: 03-Dec-2012 to 09-Dec-2012
  • Osaka Kansai International Airport capacity share (% of seats) by alliance: 03-Dec-2012 to 09-Dec-2012
  • Osaka Itami Airport capacity share (% of seats) by carrier: 03-Dec-2012 to 09-Dec-2012
  • Osaka Itami Airport capacity share (% of seats) by alliance: 03-Dec-2012 to 09-Dec-2012
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