New Madrid Airport

The New Madrid Airport is a proposed airport construction project for the Spanish capital of Madrid. The proposed airport was initially planned to be located in the municipality of El Alamo, approximately 40 kilometres southwest of the centre of Madrid. The project was regarded as a speculative development in some quarters, having first been envisaged as a requirement of Spain's bid to host the 2012 summer Olympic Games (which failed). The project had been abandoned by the Madrid Government. However, it was resurrected in Oct-2018 by Spanish businessmen who sought to expand Casarrubios del Monte Airfield into a USD170 million LCC airport by the end of 2023.

Dec-2018. Iberia CEO Luis Gallego said he sees no need for a second airport in Madrid. Spanish investors are considering expansion of Casarrubios del Monte Airfield with an EUR148 million investment as an LCC airport. Mr Gallego said Madrid Barajas Airport terminal 4 still has enough capacity with planned development, instead arguing the connection a high-speed rail to Barajas Airport to compete with other European hubs would be more of a priority.

Oct-2018. Spanish businessmen are reported to be grouping to develop 'Air City Madrid Sur Airport' with a EUR148 million/USD170 million investment to expand Casarrubios del Monte Airfield (El Alamo) as an LCC airport. The construction would begin in 2020 and the airport would have capacity for seven million passengers and be operational by 2023. The project includes the construction a 3200m runway, an ATC tower, a 15,000sqm terminal, hangars and two access roads. Air City Madrid Sur, chaired by Gregorio Marañón and Bertrán de Lis, has prepared an economic feasibility study and the project has been declared “regional” in scope by the Community of Madrid. The promoters claim to have maintained contacts with “many” airlines, which are willing to operate there. Air City Madrid Sur is a consortium of European Flyers (Pilot Training); Gamt Consultoría y Desarrollo, which is undertaking expansion of the current aerodrome; and the aviation consultancy Pasiphae.

Feb-2015. Spain's Ministry of Public Works agreed to fund the new airport project in El Álamo, Madrid. The investment includes an outlay of EUR230 million (USD262.1 million) to cover a land acquisition programme for the airport.