Japan’s Kansai Airport Company considering foreign and domestic investors for Osaka airports
Japan’s New Kansai International Airport Company (NKIAC) president Keiichi Ando revealed the company has started considering foreign and domestic investors to manage the airports for 40-50 years. The company aims to raise USD7 billion to USD15 billion in the privatisation process. This could be the first of 29 airport privatisations there.
Mr Ando commented, “This is the first large infrastructure transaction in Japan and…if it succeeds, the government intends to privatise regional airports as well. In addition, there is also talk that it will be necessary to privatise infrastructure, such as toll roads,” Mr Ando said. The deal, which is expected to be completed in 2015, would involve private investors managing both the Kansai International and Osaka International (Itami) airports, whose managements were integrated into a new company this year to help offset Kansai’s enormous debt burden and in preparation for a privatisation procedure.
The new company is a wholly-owned one that owns the runways at the airports, the land assets of Osaka Airport and Kansai Airport's terminal building. After the successful integration of the management of the airports, the government now aims to sell the right to operate the airports to the private sector.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: email@example.com