Manchester Airports Group: investing offshore as UK rivals step up
Manchester Airports Group (MAG) is increasingly seeking investment opportunities in Eastern Europe and has confirmed its participation in the Bulgarian Government's tender process for the concession to operate Sofia Airport under a EUR4 billion 35-year concession. MAG had previously expressed interest in the proposed concession on Lithuanian Airports, a stalled procedure, and in the Belgrade Airport concession.
MAG's bid will be supported by the Chinese company Beijing Construction and Engineering Group (BCEG), which is a key member of the consortium building the Airport City at Manchester Airport, and which is itself expected to attract Chinese companies.
But slowing traffic at Manchester, noticeably more so than at other, peer airports, raises questions as to whether the MAG management should be paying more attention to local matters - or whether this is in fact a sound group strategy, designed to ensure group sustainability, as Brexit issues threaten growth.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.