CAPA, in a new report that identifies almost 300 airport investment firms globally, stated the majority of the world’s airports remain government owned and operated despite the many privatisations in the past two decades. Governments – local, regional and national – are increasingly concluding that airports may better be operated, entirely or partially, by the private sector. [more - Report]
Majority of airports in government hands; support grows for private ownership
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Airports and Uber 2016: Transportation Network Companies now more welcome at airports. CAPA report
CAPA recently conducted a new survey of airports and their relations with and attitudes towards Uber and other Transportation Network Companies (TNCs). This follows a shorter questionnaire-based report published in Nov-2015.
TNCs are just one of the many methods of peer-to-peer car (or ride) sharing that are catching on globally as a result of the high costs of motoring and hiring traditional taxis, allied to the use of advanced technology platforms. They are the ultimate, most evident and visible statement of the sharing society - and millennials are the biggest adopters.
Peer-to-peer networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes.
While the direct peer-to-peer rental of motor vehicles where the renter drives for a short period of time (e.g. one to two hours) – either by corporations, through car clubs or even via manufacturers – in order (for example) to access or leave an airport is still in its infancy relatively speaking, the business of the TNCs is growing rapidly. Car sharing is expected to generate USD6.2 billion in annual revenues by 2020, from 12 million members worldwide. That revenue will increase as and when the TNCs move to corner that segment for themselves as well.
"Chinese investors in Europe’s airports 2016": Europe is in favour again. A CAPA report
China is investing huge sums on its own airports – up to USD130 billion over the next 15 years - but Chinese inward investment to other countries for the same purpose elsewhere is not insignificant. While Africa, in particular, has been on the Chinese radar for years, Europe, where some of the first Chinese airport investments were, is once again in favour.
There is a wide range of investments in airport assets at all points on the scale, from global hubs to remote secondary level airports: a range of investment by organisations such as sovereign wealth funds – via giant retail companies and Big Data conglomerates – right down to smaller engineering companies and industrial concerns. And they are taking over large parts of the supply chain too, with catering suppliers like Gategroup and Servair either acquired or targeted, as well as ground handling companies such as Swissport.
A new 50-page CAPA report, "Chinese investors in Europe’s Airports 2016", addresses these issues and reviews the recent investment history.