Airport Security Market worth over $16bn by 2024

High penetration of these solutions is due to the demand for advanced security systems such as biometrics in identity and access monitoring, contactless entryway checkpoints, x-ray scanners, and thermal cameras. Conventional security measures employ invasive procedures and protocols such as physical checks and body pat-downs which are highly uncomfortable. To boost passenger convenience, airport security […]

Airport Security Market Projected to Grow Beyond 13.4 billion by 2024

The Worldwide Airport Security Market was valued over USD 8.4 billion in 2015. It is expected to be around USD 13.4 billion by 2024 (2016 to 2024 – forecast period). Increase in air travel should drive the need for well-organized security systems. These systems comprise software for better monitoring, detection, & risk prevention. Terrorism and […]

Latin recovery fails to save Viracopos airport as operator files for bankruptcy

Air cargo in Latin America has been on the rebound, but the renewed momentum has not lifted the fortunes of Brazil"™s second-largest gateway enough to avert a crisis. On May 7, the operator of Sao Paulo"™s Viracopos airport (VCP) filed for bankruptcy protection, struggling with a debt load of BRL2.88bn ($847m). The filing came in […]

Brazil’s Viracopos airport operator files for bankruptcy protection

A company set up to operator Brazil"™s Viracopos airport filed for protection from creditors on Monday, according to a securities filing, but assured that operations at the major cargo hub will remain normal. Aeroportos Brasil SA, which in 2012 won the concession for a 51 percent stake in the Viracopos airport, is jointly owned by […]

Low-cost airline Norwegian rejects two takeover bids from IAG

LOW-cost carrier Norwegian Air Shuttle (NAS) has rejected two takeover offers from British Airways owner International Airlines Group (IAG). Norwegian’s board unanimously rejected the «conditional proposals» on the basis that they «undervalued NAS and its prospects», it said in a statement. The board «remains fully committed to delivering on its stated strategy», it added. IAG […]

San José Airport to build four more gates to accommodate record passenger growth

With a focus on current and future record passenger growth and continuing to offer a world-class travel experience at Mineta San José International Airport (SJC), the San José City Council on Tuesday approved Airport staff"™s plan to build an interim facility with four additional boarding gates to be opened in summer 2019. In the first […]