Centre for Aviation (CAPA)
Part 1: 2020 was a year in which the development of many (although not all) airports came to a sudden stop, with capex being replaced in the pecking order by opex in most cases – and in many, simply by survival measures.
Along with that everlasting hiatus came a cull of airport investment and privatisation activities, again with a few notable exceptions, mainly in countries where multiple concession procedures were already well advanced...read here
Part 2: This second part looks at the Americas, the Middle East and West Asia, and Africa.
In North America the airport privatisation momentum has dried up again, while in Latin America the Brazilian concessions are up to their seventh tranche and counting, but with few really attractive airports remaining for international investors.
In the Middle East and West Asia transactions on small airports remain the norm in Russia while in several of the ‘stans’ governments are seeking to attract foreign investors mysteriously to help them achieve some sort of international hub status for their airports. Meanwhile, Qatar Airways has established itself as potentially an ambitious investor in Russia…
From there to Africa, a continent which still cannot attract any real interest in its airports from outside the region, and isn’t likely to while the prevarication which exists in Nigeria continues....read here
