VINCI Airports invests EUR275 million until 2018 to improve supply and performance

 

• Number of passengers increased regarding the homologous period
• There are more companies operating, new routes and new destinations

VINCI Airports celebrates the first year of ANA - Aeroportos de Portugal, SA management with a positive operating balance, having registered 34 million passengers until August, which represents an increase of 9.4% in traffic in comparison to the homologous period. In order to increase the capacity and the supply quality, EUR275 million will be invested until 2018.

The amount of investment intends to answer the operational needs of the Portuguese airports that, after the privatization, saw rising in six the number of airlines operating on a regular basis, with the creation of 73 new routes and destinations.

Increase airports’ capacity and improve the passenger experience in all network are two of the main goals. Among other news foreseen for Lisbon airport, for instance, is the relocation of the Food Court area, the enlargement of the Duty Free area (“Walk Through” concept in Schengen arrivals flow) and the creation of new lounge areas. 

The regulatory model imposed by the Government before the privatization only allows airport rates to be increase at constant prices if there is traffic growth and forces the due reduction in case of loss. The rates on ANA airports have, however, been evolving in a balanced way and are, at the moment, in Lisbon, 22.2% below the average of the comparison airports group, namely Madrid, where the value is 78% above the rates applied at the Portuguese capital.

With the goal of achieving a more rational and efficient management of the airports’ capacity, ANA is launching an incentive program to airlines. In reality, this means that airlines can minimize the impacts of the airport rate raises if they manage to be more efficient in the operation.

The measure also aims to answer the demand increase at ANA airport network, assuring a sustainable response to the expected traffic increases.

The concession contract with the Government introduced a new paradigm in the exploration model that is potentiating the growth tendency of Portuguese airports, leading airports and airlines to work alongside in order to reach a healthy and sustainable air traffic growth. The results of the first year mirror that.

For the future, VINCI Airports will keep betting on ANA network as a key-asset for future operations, placing the company as a valuable standard-bearer, capable of boosting the airport management leadership ambition.

VINCI Airports is committed to the country, to the development of ANA airports and, consequently, to the economic development of the regions where they are.

The privatization of ANA - Aeroportos de Portugal, SA, which resulted in a proceeds of EUR3080 billion for the country, was considered the best operation of the airport sector worldwide, an award given by World Finance magazine.