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Some momentum regained in airport privatisation activities

13-Jul-2009

In the last six months or so, as the economic downturn has really begun to bite, the prospects for airport privatisation have reduced accordingly. The Chicago Midway deal fell through, the Prague offer has been postponed, and the Gatwick sale descended into near farce as only one consortium was left with a bid still on the table. But the business is resilient as it proved after September 2001 when the IPO on Airports of Thailand, the sale of Sydney Airport and the PPP on the two main (Greek) Cyprus airports were all delayed – they all went through eventually. Despite the credit crunch new investors have continued to emerge and there are still a substantial number of smaller deals at the regional level, especially in emerging countries. [2184 words]

Unlock the following content in this report:

Subheadings:

  • ‘Ultra-lite’ airports
  • European activity sizeable but on the fringe
  • Big ticket activity is dormant
  • Netherlands duck the privatisation issue again but Sweden offers six regional airports
  • Midway failure will not necessarily impact adversely on other US privatisations
  • No clarity on stimulus package benefits for airports
  • Brazil vacillates on privatisation method
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