
Ferrovial mulls options for a stake in Heathrow Airport
The Spanish firm is yet to take a final decision and the discussions may not lead to a sale.
The Spanish firm is yet to take a final decision and the discussions may not lead to a sale.
The move was made with an intent to safeguard connectivity, protect the air transport service offer and rescue the company.
Menzies Aviation will have around 35,000 employees and operate at 254 airports in 58 countries.
The deal was signed after Spirit Airlines terminated the merger deal with Frontier Group Holdings.
The merger aimed to offer more ultra-low fares for journeys across the US, Latin America and major cities.
Airports Group Europe now holds more than 40% of the entire share capital in the airport operator.
Ferrovial’s Airports division will acquire 96% of The Carlyle Global Infrastructure Fund’s 51% stake in NTO.
APP Jet Center aims to enhance its platform through organic growth initiatives and complementary acquisitions.
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