Belgium’s Brussels Airport revenue and EBITDA down in 2Q2009; needs LCCT progress

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MAp’s Brussels Airport reports a drop in revenues and EBITDA in 2Q2009 and 1H2009 as passenger growth slipped back following a brief rally. Cargo volumes continue to rally and the letting of a new cargo facility helped boost property and estate income. The airport needs its new low cost terminal to open on schedule in Oct-2009, but it has been mired in a legal dispute as organisations acting on behalf of legacy airlines attempt to block it.

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