Germany’s Berlin Brandenburg International Airport (BBI) is expected to have total capital investment of EUR2.5 billion, with the German Government to invest a further EUR600 million for the construction of a train terminal and a further EUR70 million for the construction of roads (The St Petersburg Times, 07-Sep-2010). The 1,470ha airport is scheduled to open on 03-Jul-2012 and is expected to have initial capacity to receive 27 million passengers p/a, to increase to 45 million p/a. Berlin airports handled nearly 21 million passengers in 2009. BBI will become Germany’s second largest airport as a result, after Frankfurt Airport. Berlin Airports stated it does not plan to “steal” any transfer services from Frankfurt, instead expecting to serve new routes.
Berlin Brandenburg International Airport to have capital investment of EUR2.5bn
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Lufthansa and Etihad: equity tie up could further align mutual strategy, but marriage unlikely
Greater cooperation between Lufthansa and Etihad reflects their local and global challenges growing in quantity and complexity. Contact between the two has led to speculation that the partnership could radically expand to include an equity tie up, with rumoured merger talks.
Their initial Dec-2016 codeshare announcement was, in practical terms, small but showed the possibility, as they stated, to expand cooperation. However, it would be a leap to go from their handful of codeshares to a 17-Jan-2017 article from Italian daily newspaper Il Messaggero that Etihad could invest in Lufthansa on the way to a possible merger between the two. A subsequent denial in a Reuters story that "A financial stake is out of the question at the moment", does little to dispel the rumour. Were it not for the last three words of that statement the rumour would lack credibility.
There is certainly logic for a deeper partnership - and the two have danced this waltz before. Equity involvement from airlines can cement partnerships, add to board influence and partially allow one side to gain financially from any matter it feels it is compromising away. Nevertheless, there are obstacles to a full blown merger, and even to Etihad's taking a 30% to 40% stake. A marriage between the new bedfellows does not seem an immediate prospect. Nonetheless the logic is there for a move; and the mere fact of a potential move is sufficient to rock the equilibrium.
Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines.