Lima Airport Partners (LAP) and the Government of Peru signed an amendment to an airport concession agreement signed in 2001, enabling the former to carry out a $1.5bn expansion programme at Lima Jorge Chavez International Airport (LIM).
Fraport owns a 70.01% share in LAP, while other shareholders include IFC International Financial (19.99%) and Peru’s AC Capitales SAFI (10%).
The amendment outlines when and how the government should hand over land needed for the airport expansion.
The Port Authority of New York and New Jersey in the US was set to launch a request for proposals (RFP) for the $10bn redevelopment plan of John F. Kennedy (JFK) International Airport.
The selected company will be required to follow a blueprint laid out in New York Governor Andrew Cuomo's plan to redesign the airport's terminals, roadways, AirTrain, parking, cargo facilities, airside and aeronautical improvements, and support infrastructure.
The RFP includes several projects that will involve the development of new terminals, as well as the rehabilitation and relocation of existing ones.
CPB Contractors, a CIMIC Group company, secured a new $400m contract to build a new runway at Brisbane Airport in Australia.
The project will be carried out by CPB and Australian construction company BMD Constructions, as part of a 50:50 joint venture (JV).
The contract will provide CPB with revenue of approximately $200m.
The Federal Aviation Administration (FAA) in the US was set to provide a total of $335.3m airport infrastructure grants to 237 airports across the country, under its Airport Improvement Programme (AIP).
The grant programme is designed to fund airport infrastructure projects, such as runways, taxiways, airport signage, lighting and markings, as well as provide thousands of job opportunities.
Based on high-priority project needs, FAA is further awarding discretionary funding to five airports.
London Gatwick Airport launched a new service to Taipei in Taiwan that expands the airport’s long-haul network to 60 routes.
Slated to be in service from 1 December, the new route from Gatwick to Taipei will be operated four times a week by Chinese flag carrier China Airlines.
It will join other long-haul routes that will operate from Gatwick Airport this year. The new routes include Buenos Aires, Singapore, Denver, Seattle, Kigali and Vancouver.
Indian company GVK Power and Infrastructure has sold its shares in Bangalore International Airport (BIAL) to Fairfax India Holdings for a consideration of Rs12.9bn ($200m).
GVK group held the 10% residual stake through its subsidiary Bangalore Airport Infrastructure Developers (BAIDPL). BIAL owns and operates Kempegowda International Airport in Bangalore, India.
It has been reported that the company divested its shares to reduce debt and invest in its future projects. The GVK group is claimed to have a debt of approximately Rs320bn ($4.96bn), reported Livemint.
Rockwell Collins was set to deploy its ARINC VeriPax passenger reconciliation solution at 13 Mexican airports operated by Grupo Aeroportuario del Centro Norte (OMA).
With the implementation of the new solution, the airports will be able to improve their security by automatically screening passengers against flight information systems using real-time data.
Rockwell Collins’ ARINC VeriPax helps streamline the entire check-in process by expediting passenger screening at security checkpoints.
Irish airline Ryanair threatened to cancel flight services between the UK and the European Union (EU) after Brexit.
In a statement, Ryanair chief executive officer Michael O’Leary told the European Parliament’s Transport and Tourism Committee that flights will remain cancelled for several months after Brexit unless a new aviation deal between the UK and the EU is signed, reported the Independent.
Major airline and airport executives have warned that the tourism industry in the 27 EU countries could incur a loss of approximately €21bn in business from the country following Brexit.
China-based HNA Infrastructure signed an agreement to purchase a 60% stake in Rio de Janeiro Aeroportos (RJA), the controlling shareholder of Tom Jobim International Airport (GIG Airport) in Brazil.
A subsidiary of HNA Group, the Chinese company is focused on providing tourism, logistics, and financial services to its customers.
The company will acquire the equity stake from Brazilian conglomerate Odebrecht for approximately R$60.1m ($18.88m).
The Board of Commissioners of the Port Authority of New York & New Jersey approved the $54.4m redevelopment of Runway 4-22 and associated taxiways at LaGuardia Airport in the US.
The 7,000ft-long and 150ft-wide runway will be rehabilitated to extend its useful life and ensure compliance with Federal Aviation Administration (FAA) standards.
Work on the project will be carried out during airport closures at night time and extended weekend runway closures in order to minimise the impact on aircraft operations.