VINCI expands airport network

25 April 2018 (Last Updated April 25th, 2018 11:43)

VINCI Concessions subsidiary VINCI Airports has acquired nine new airports comprising two freehold property, three concession and four under management contracts.

VINCI Airports, a subsidiary of VINCI Concessions, has acquired nine new airports comprising two freehold property, three concession and four under management contracts.

It also signed three partial management contracts at American airports after the acquisition of Airports Worldwide’s airport portfolio.

The acquisition expands VINCI Airports’ global network, which now comprises 45 airports across 11 countries. It also increases the total number of passengers travelled through these airports by 25.6 million to more than 182 million annually.

“VINCI Airports is set to buy a 100% stake in Orlando-Sanford International Airport in the US state of Florida.”

The newly acquired portfolio includes a 100% stake in Belfast International Airport located in Northern Ireland and a 90.1% stake in Skavsta Airport near Stockholm in Sweden.

Under concession agreements, VINCI Airports is set to buy a 100% stake in Orlando-Sanford International Airport in the US state of Florida, covering operations of the current terminal and car park with a residual term of 21 years.

It also signed agreements to own co-control stakes in Costa Rica’s Juan Santamaria International Airport in San José and Daniel Oduber Quiros International Airport in Liberia.

VINCI will own a 48.75% and 45% stake respectively in these two airports.

The four full management contracts include Hollywood Burbank Airport and Ontario International Airport in California; and Macon Downtown Airport and Middle Georgia Regional Airport in Georgia.

Furthermore, VINCI has entered into partial management contracts for three US airports including Atlantic City International Airport in New Jersey, Raleigh Durham International Airport in North Carolina, and a section of the international terminal at Atlanta airport in Georgia.