ANA Aeroportos de Portugal is set to be privatised after the Portuguese Government gave its official approval for the sale of 100% of the state's holdings in the company "to one or more investors, domestic or foreign, individually or in grouping", according to a statement by the Portugese Council of Ministers. According to local reports in Expansion and Jornal de Negocios, ANA employees will be sold a maximum of 5% of the company, with the remainder going to the successful bidder. The sale of the Government's stake in ANA was mandated by the terms of the Apr-2011 EU-IMF bailout of Portugal, and has reportedly attracted interest from a partnership between Spain's Ferrovial SA and Portuguese construction firm Teixeira Duarte, as well as from a partnership between Brazil's CCR and Portuguese toll-road operator Brisa. As previously reported by CAPA, the privatisation is expected to be completed by the end of 2H2012.
ANA privatisation receives government approval, attracts interest
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Global Airport Development Conference 2016 report: Trump, Brexit, pipelines and PPPs. Part 1
The Global Airport Development (GAD World) conference was held in Lisbon, between 29-Nov and 01-Dec-2016. This CAPA report chronicles the presentations and debates that took place on the first two days, including selected ‘stream’ sessions on both days.
There was, inevitably, a political overlay to the event, with the (Jun-2016) UK referendum on continuing membership of the European Union (‘Brexit’), the (Nov-2016) election of President Trump in the US and associated ‘uncertainty’ dominating events.
Otherwise, the concern was, as always, the ‘pipeline’ of airport privatisation details, or rather the lack of them, while the hope was for the continuation of the trend towards PPP deals.
Jet2.com: growth mainly in Spain and Manchester. Overcapacity an issue, and competition strong
The strongly seasonal nature of Jet2.com's schedule and the financial performance of the airline and its parent Dart Group were examined in a Jul-2016 analysis report by CAPA. That report also noted that all of the increase in passenger numbers since the year to Mar-2013 was attributable to traffic booked via Dart Group's package holidays business – Jet2holidays.com.
This report looks in some detail at Jet2.com's network and how it has changed in the three years since summer 2013.
Over the past three years Jet2.com has increased its peak summer weekly seat capacity by one third. By airport, the biggest share of this incremental capacity has been at Manchester. By destination, the lion's share of its growth has been to Spain, where there is now a capacity glut. Its markets have become increasingly competitive – not only due to other LCCs, but also because of the growth of airlines owned by integrated leisure groups such as TUI and Thomas Cook.