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9-Mar-2016 8:08 AM

ACI EUROPE: New report reveals private investment in airports more widespread

ACI Europe released (08-Mar-2016) a new report, The Ownership of Europe's Airports 2016, detailing the ownership of each of the 500 airports comprising the association's membership and the state of airport ownership across the European continent. Key highlights include:

  • Private involvement in Europe's airports has increased significantly since the previous report in 2010. This is driven by a mix of deliberate policy choices, State budgetary constraints, and the need to promote air connectivity by investing in the development of airport infrastructure;
    • 41% of European airports - 205 airports - now have private shareholders, up from only 22% in 2010;
    • 39% (79 airports) of the airports private shareholders have full private ownership, while 61% (126 airports) are 'public-private partnerships' involving a combination of private and public shareholders;
  • Private shareholders continue to be more prevalent at larger airport, with those with private participation handling close to 75% of European passenger traffic. This reflects the fact that smaller regional airports tend to be structurally unprofitable. These airports are thus suitable to a more limited range of private operation models than their larger counterparts;
  • Almost all fully publicly-owned airports are now corporatised and managed on a purely commercial basis. Airports are now run as businesses focused on air connectivity development, operational efficiency, service quality, revenue diversification and sustainable investments;
  • The increase of private investors' involvement in airports has been more pronounced in the EU than in European non-EU states. It has led to a rise in both private-public partnerships and full privatisations. [more - original PR]

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