The CAPA Airport Investors Database is now comprehensively updated. It reveals the relatively ephemeral nature of airport investment.
The reclassification of profiles reveals that of the 788 profiles of investors into airports that exist, 54 are of ‘Major Global Investors.’ Within that category is a hardcore of companies, a dozen or so, which have been involved in the sector for several decades, while at the same time some of the big names that inhabited the sector during the 2000s have since departed it.
Of the rest, there is a fascinating mix: organisations that occasionally speculate in the sector, those that enter from another transport sector, existing airport operators, construction companies that decide to dabble financially, real estate developers, industrial conglomerates, along with a surprising number of airlines, and entrepreneurs.
And of course, there are the funds – infrastructure, asset, pension, investment, hedge, private equity, sovereign wealth – which have increasingly been dominating the space at the high end: primary and global hub airports.