Fraport raises majority stake in Lima’s Jorge Chávez airport

Frankfurt-based Fraport AG has acquired an additional 10% stake in Lima Airport Partners (LAP), raising its ownership to 80.1% of the operator of Jorge Chávez International Airport in Peru. Fraport purchased the stake from AC Capitales’ Infrastructure Fund, which held it for over 10 years. The deal strengthens Fraport’s position as LAP’s main shareholder as […]

Gatwick welcomes new ownership by VINCI Airports

London Gatwick has announced a new chapter in its ownership as VINCI Airports completed the purchase of a 50.01% stake in the airport. Global Infrastructure Partners (GIP) will continue to manage the remaining 49.99% interest in Gatwick. The new partnership promises continued investment to put passengers at the heart of Gatwick’s future plans. VINCI Airports, […]

Tropic Air’s new Caye Caulker terminal in the making

Tropic Air announced today that construction has commenced for its new Caye Caulker terminal. To be built over ten months and at a cost of BZ$1 Million, the new 1,600 square foot air-conditioned terminal will feature state of the art amenities for passengers and cargo. “Caye Caulker is one of the pillars of tourism in […]

See which airlines are the largest on a state-by-state basis

Each state has a different relationship with the airlines that service its airports. In some states, one or two airlines dominate the market, while in others it’s more diversified. In Texas, unsurprisingly, the two home-state carriers, American Airlines Group Inc. (Nasdaq: AAL) and Southwest Airlines Co. (NYSE: LUV), accounted for more than half of total […]

Jakarta opens dedicated LCC terminal

Jakarta’s Soekarno-Hatta International Airport opened its first dedicated LCC terminal May 1 as it prepares to handle a growing demand for low-cost travel in Southeast Asia. To create the terminal, designated 2F, the terminal wing was stripped down and amenities such as air-conditioning, duty-free shops and airbridges were removed to reduce operating costs. State-owned PT […]

Delta to resume flights to India with service between New York JFK and Mumbai

Delta Air Lines announced its plans to launch a nonstop route linking New York’s John F. Kennedy International Airport with Mumbai beginning Dec. 22. Delta said in a statement that demand for flights between the U.S. and India has increased significantly in the last decade and that it will be the only U.S. carrier to […]

Santa Lucía airport cost projected to be 12% of the one that was canceled

The federal government projects that the Santa Lucía airport will cost just 12% of the former government’s canceled project at Texcoco, México state, and will open in June 2021 with a capacity for 20 million passengers a year. Project chief Sergio Samaniego said yesterday that construction of the airport at the Santa Lucía Air Force […]

Mexico: President announces construction will begin Monday on new airport

Construction of the federal government’s new airport in México state will begin Monday, President López Obrador announced today (wednesday), just as an official report came out warning that it could reach saturation just 10 years after starting operations. “I’ll say in advance, because my chest isn’t a storeroom and I always say what I think, […]

Miami airport’s Pineda to join Tiaca’s board

Miami airport’s Emir Pineda has been elected to the board of The International Air Cargo Association (TIACA). Pineda is trade & logistics manager for the marketing division of the Miami-Dade Aviation Department, which operates Miami International Airport (MIA). Pineda started his career as an intern at MIA in 1988 before embarking on a career that […]