×

Transportation Infrastructure Airport Services

  • LONDON, Aug 22- Uncertainty over the status of flights between Britain and the European Union once the UK leaves the bloc could cause a huge slump in air travel from Britain's airports, Sky News said on Tuesday, citing an industry report. The report says that in the most pessimistic scenario, there could be a 41 percent fall in passenger demand from Britain's...

  • RIYADH, Aug 21- Saudi Arabia plans to transfer ownership of all its airports to its main sovereign wealth fund, the Public Investment Fund, as part of a drive to privatize them, a senior aviation official said on Monday. "The process of establishing companies will continue for all airports, and the civil aviation holding company in the future will be 100 percent...

  • RIYADH, Aug 21- Saudi Arabia plans to transfer ownership of all its airports to its main sovereign wealth fund, the Public Investment Fund, as part of a drive to privatise them, a senior aviation official said on Monday. "The process of establishing companies will continue for all airports, and the civil aviation holding company in the future will be 100 percent...

  • FRANKFURT, Aug 16- Air Berlin's chief executive blamed long delays in the opening of a new Berlin airport for the German airline's insolvency in an interview published by Germany's Die Zeit. Winkelmann's comments came a day after Air Berlin, Germany's second-largest airline, filed for bankruptcy protection after key shareholder Etihad Airways withdrew...

  • NEW YORK, Aug 15- Denver City Council approved on Tuesday a $1.8 billion public-private partnership project to redesign the Jeppesen Terminal of Denver International Airport, the latest airport to use this financing structure for redevelopment. P3s, which are more commonly used in Europe, Australia and Canada, are typically made up of a private consortium of...

  • BERLIN, Aug 15- Air Berlin, Germany's second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs. The move offers Lufthansa and rivals a chance to acquire slots at airports such as Berlin Tegel and Duesseldorf, with Germany's...

  • Passengers shouldn't be so scared of getting bumped from their flights. It could earn them some cash.

  • BERLIN, Aug 15- Air Berlin, Germany's second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs. The move offers Lufthansa and rivals a chance to acquire slots at airports such as Berlin Tegel and Duesseldorf, with Germany's...

  • HONG KONG, Aug 9- HNA Group is preparing its bid for a concession to operate Belgrade's airport, a company executive said, undeterred by Beijing's sharpened scrutiny of overseas acquisitions, which has clouded some of the Chinese conglomerate's other pending deals. HNA is leading a consortium that includes AVIC International Holding Corp and China- Central...

  • Pilotless planes could save airlines $35 billion

    Pilotless planes could not only be a future method of transport, but an economically-beneficial one too, according to new research by Swiss bank UBS which claims that they could save airlines billions of dollars.

  • DUBAI, Aug 6- UAE investigators looking into the cause of the 2016 Emirates crash at Dubai International Airport have found no mechanical issues with the aircraft prior to the incident. Investigators were "working to determine and analyze the human performance factors that influenced flight crew actions during the landing and attempted go-around", a United...

  • PARIS, Aug 4- The national lottery, Paris's main airport operator and several other firms deemed not strategic could kick off a wave of French privatizations this autumn, banking sources with knowledge of the plans said. The French finance ministry last month announced plans to sell 10 billion euros worth of stakes in state-owned companies in order to raise...

  • PARIS, Aug 4- The national lottery, Paris's main airport operator and several other firms deemed not strategic could kick off a wave of French privatisations this autumn, banking sources with knowledge of the plans said. The French finance ministry last month announced plans to sell 10 billion euros worth of stakes in state-owned companies in order to raise...

  • LONDON, Aug 2- British Airways said system issues were affecting the check-in process on flights from Heathrow, Europe's biggest airport, on Wednesday. "We're currently experiencing some system issues at the airport this morning," British Airways said on Twitter, in reference to Heathrow's Terminal 5, adding in other tweets that the issues meant check-in was...

  • BRASILIA, July 28- Shareholders of a company set up to run Brazil's Viracopos airport have decided to return the concession to the government to seek other bidders in a new auction, they said on Friday, citing unexpectedly low passenger traffic. ABV SA, which won the concession in 2012, said in a statement that shareholders had agreed to authorize its executive to...

  • Start-ups are 'Uberfying' the private jet market

    Start-ups are 'Uberfying' the private jet market.

  • *Vinci to play a role if ADP opportunity arises- CEO. PARIS, July 28- Vinci, Europe's biggest construction and concessions company, said it could invest more in Aeroports de Paris if the French state decides to privatize the airports operator or sell part of its stake. "If there is an opportunity on ADP, we will try to play a role," Vinci Chairman and Chief Executive Xavier...

  • PARIS, July 28- French construction group Vinci on Friday maintained its forecasts for higher annual earnings after strong momentum at its airports and motorway concessions business and a recovering construction market lifted its first half results. In France, building activities benefited from a buoyant property sector, while Vinci also won its first...

  • PARIS, July 28- French construction group Vinci on Friday kept forecasts for higher annual earnings and revenue after strong momentum at its airports and motorway concessions business, and a recovering construction market lifted its first half results. Europe's biggest construction and concessions company said first-half operating profit rose 9.5...

  • LONDON, July 27- The boss of London's Heathrow welcomed the government's recent emphasis on protecting business in Brexit talks, as Europe's biggest airport reported record passenger numbers on Thursday. Heathrow is Britain's biggest trade port, handling a quarter of its goods exports by value, and John Holland-Kaye, chief executive of Heathrow Airport...