Saudi Arabia’s General Authority of Civil Aviation and IFC finalised the award of a public-private partnership agreement to Tibah Airport Development Company, a consortium of TAV Airports, Al Rajhi Holding Group and Saudi Oger, covering the development of Madinah Mohammad Bin Abdulaziz Airport (Medina Airport), as reported by ArabNews and Gulf Today. The Tibah consortium will develop the airport under a 25-year build, transfer and operate agreement. TAV Airports president and CEO Dr M Sani Sener announced the consortium plans to complete construction of a USD1-1.5 billion, 4 million sqm development and upgrade project by 2020. Phase one of construction will see a new passenger terminal completed by 2015, designed to increase capacity from four million to eight million passengers p/a. Phase two development will increase capacity to 12 million passengers p/a by 2020. The consortium also signed investment agreements totalling at least USD1.1 billion with National Commercial Bank, Arab National Bank and SABB, to support the development over the next three years.
Saudi Arabia's GACA awards Medina Airport construction project to Tibah consortium
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Project Hope: Malaysia Airlines outlook hinges on spinning off new high-density A380 charter airline
Malaysia Airlines is planning to set up a new airline to operate its A380 fleet on religious pilgrimage charters to Saudi Arabia. All six of the airline’s A380s will be reconfigured from 386 to up to 700 seats by the end of 2018, and transferred to a new operator's certificate.
Malaysia Airlines is hoping to attract a combination of foreign and local investors to take control of the planned new airline and all six A380s. The group is calling the plan “Project Hope” – an appropriate name given its current predicament with the A380 fleet.
The flag carrier’s A380 operation has been highly unprofitable and the aircraft is too big for operation to London – its only remaining long-haul route. Malaysia Airlines is now committed to acquiring six A350s, which will be used to replace the A380 on London. As selling or subleasing the A380s is not possible given the virtually non-existent demand for the type, establishing a new charter airline is the only sensible option – although still with some risk, given the need to find investors.
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.