Ferrovial set to continue expanding its airport portfolio
Shares in Ferrovial, owner of BAA, rose 1.0% after announcing plans to continue expanding its airport management services, adding it is looking into entering the Brazilian market, once the country finalises plans to privatise public assets. The construction company also confirmed there is more than one interested party in London Gatwick Airport, and that a final agreement on the sale of the airport will likely take over a month.
Meanwhile Vienna Airport’s shares eased 0.4% yesterday after reporting mixed traffic results in Sep-2009. The airport’s passenger traffic and aircraft movement declines remained stagnant at -6.6% and -9.3%, respectively, while the cargo traffic decline deteriorated from -4.0% in Aug-2009 to -9.7% in Sep-2009:
- Passenger numbers: 1.8 million, -6.8% year-on-year;
- Cargo volume: 20,404 tonnes, -4.0%;
- Aircraft movements: 21,102, -9.8%.
Macquarie Airports formally rebranded as MAp
In the Asia Pacific region, Macquarie Airports has formally changed its brand and name to MAp and is proceeding with its internalisation plan, announcing an entitlement offer to fund its management rights buyout from Macquarie Group.
Meanwhile, Australian Infrastructure Fund’s shares closed down 1.2%, despite steady traffic increase at its Australian airports.
Queensland Airports Limited traffic highlights for Sep-09:
- Passenger numbers: 585,297, +13 year-on-year;
Perth International Airport traffic highlights in Sep-2009:
- Passenger numbers:
- International: 243,668, +16.4% year-on-year;
- Domestic: 626,836, +7.3%;
- Aircraft movements:
- International: 1,401, +22.3%;
- Domestic: 5,774, +9.8%.
Selected airports daily share price movements (% change): 14-Oct-2009
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