Tuesday, September 17, 2013

No new terminal for Ljubljana Airport

Ljubljana Airport misses out on multi million euro investment

Ljubljana Jože Pučnik Airport has missed the opportunity to get a new terminal after the airport’s minority shareholders voted against the construction of the 57 million euro building project. Shareholders struck down the proposal amid concern over the ongoing financial crisis and expected privatisation of the airport, despite the project’s price tag being reduced from the original 73 million euros. A motion to reject the construction of the new terminal building was passed with a majority. A total of 53% of those with voting rights were against the new terminal, while a 75% vote in favour of the investment was needed in order for it to get the green light.

The Slovenian government did not hide its disappointment at the decision, despite refusing to give any indication whether it was for or against the project in the run up to the vote. The Slovenian Minister for Infrastructure and Spatial Planning, Samo Omerzel, hit out against the decision made by the Slovenian Securities Market Agency to deny the majority shareholder, the government, the right to vote. “I find it unacceptable that the majority shareholder had no voting rights. We did not have any impact on this decision. Personally, I was in favour of this investment. For me it is just frustrating that the majority shareholder has no voting rights”, Mr. Omerzel explained.

Ljubljana Airport has already spent 2.4 million euros on the non existing terminal, of which 1.6 million was spent on project documentation. The new terminal was meant to cover an area of 31.200 square metres and be opened in two years time. Despite putting a stop to the construction of the new terminal, shareholders approved that start of due diligence for the privatisation of the airport. The process of due diligence must be completed by the end of November this year.

20 comments:

  1. Cause they really need a new terminal. Buhu, cry me a river, build me a bridge and get over it.

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  2. Lets hope that the privatisation will be now processed as quick as possible and the new operator will do the necessary upgrade of the terminal. Current situation is unsatisfiying for passengers as well as the operator.

    Airports nowadays make up to 45% of their revenues with non aviation part and this is with the current facility just impossible.
    Also more jetbridge gates are needed. So far only 2 Schengen departures same time possible. Morning or evening you have up to 5 possible jetstand departures. This will even increase when CR2 will leave the fleet and additional CR9 will arrive or other airlines are departing at the same time of the JP waves

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  3. Who will buy this airport with loans for a new terminal that need to be paid? No serious foreign company.
    Well done shareholders!



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  4. the vote yesterday was a joke. Minority vote. typical slovenian close minded mentality. why we do need this, why that, is isnt good enough? bla bla.... 20 years ago having big mouth claiming they are somehting better than the rest of former YU and today: PRN and SKP the most southern ex YU cities have new terminals and in LJU when I go tru security for morning or evening Schengen flights, I need to wait up to 20 minutes in a queue.
    A new terminal is an investment over 30 years and if they want to get customers back from Graz, Trieste, Venice or Zagreb than for sure only thru an infrastructure which meets todays needs and standards

    Sorry for me a good part of Slovenias society and their mentality is quite of a disappointment and I wish that visionaries like Jakopin or the guys from Pipistrel could become more of role models. Then Slovenia has it s strong points and if they want to come to the road of success, than they needs to strive down their narrowminded mentality and be more open towards the world and future.

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    1. Well you face this menthality in every alpine country! Look at Switzerland- they close done ZRH at 10p.m. like it is a war zone and always complaining about noise. Bavarians don't let the constraction of 3rd runway at MUC, Austrians the same in VIE. All in all mountains are narrowing your horizont:-))

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    2. Yep u re right. U can guess how difficult my position to defend sometimes is living here in Zurich. The noise discussion is a joke anyway. Suburbs of ZRH airport nr 1 growing region of Switzerland. People moving to here and soon after complaining about aircraft noise. U just can t them serious

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  5. " The Slovenian Minister for Infrastructure and Spatial Planning, Samo Omerzel, hit out against the decision made by the Slovenian Securities Market Agency to deny the majority shareholder, the government, the right to vote. “I find it unacceptable that the majority shareholder had no voting rights. We did not have any impact on this decision. Personally, I was in favour of this investment. For me it is just frustrating that the majority shareholder has no voting rights”, Mr. Omerzel explained."

    He is an idiot who still (after more than 20 years) has no clue what capitalism is. Following the Rules is part of a normal economy. Being like Louis XIV and saying "L'État, c'est moi" ("I am the state")is a bit too old fashioned. The Slovenian state has prooved in the past how poorly they (as a majority shareholder) can manage the company (by achieving just minimal profit).

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  6. Little bit OT:
    2 Foregin investors are planning to start up a new airline in Macedonia

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  7. also Stozice hall and stadium is not needed if you go by the majority of public opinion. They prefer to play in the ruins of Bezigrad Stadium or in the Tivoli Hall.
    without Stozice no Eurobasket2013...
    Interesting to see that kinna euphoria has conquered now the country, with the slovenian team playing succesful, resulting in sold out Stozice hall whenever Slovenia was playing.
    it seems that Slovenians sometimes need to be constrained to their luck

    also here the question...do u wanna play forever in a stadium like Bezigrad or the Tivoli hall or u adjust your infrastructure to a contemporary level. the financing of the project was another story, but thats Slovenias inside politics and room for about 200 more blogs.

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  8. What a shame, LJU and ADRIA used to be an example of forward thinking and business planning in ExYu.
    It seams that fear and short term strategy has put hold on expansion for a while.
    Perhaps this is a good opportunity for the SKP and PRN to grow and catch up since LJU for long time used to be transit hub from the south.

    Ling term, I believe LJU will overcome this paralysis and grow as it deserves.

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  9. Well,the Slovenian public does not understand why so much money should get spent on those projects while everywhere else there is cutting in spending.Especially the pensions,schools,universities and hospitals...

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    1. Slovenia in terms of social security, economical friendly environment still lives in the socialist times. No proper reforms ever done u re getting the bill now. Not only the government needs to change mentality, most part of its citizens too. But there is def no progress made if u save on necessary infrastructure investments. Since years there is no investor friendly environment. Same counts for employee rights. Way to strict resulting in disadvantage of employees with time restricted labour contracts or general lack of hiring at all.

      Still so many Slovenians are being attracted by criminals like Kucan and his entourage. But exactly those guys showed no interest to privatize the majority of government runned companies, so they could steal on and fill their own pockets. Unfortunately the rightern political wing made no difference in the early 2000s. So today there is the majority of the state owned companies left without cash,proper leadership and future.
      And i hve my doubts that the situation will change in near future

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  10. Oh this is just great... not.

    I guess this decision will give even more incentive to Adria to expand in the Albanian lands.

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    Replies
    1. ^ You mean into Albanian hands...
      ; )

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  11. Purger are u following us? Need yr help re aircraft leasing ctc. Tx

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  12. I do not see a logic here. Invest just before sell. Let the new owner take care about this.

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  13. First find an investor who wants to invest into this environment. But nice mentality, first screw it all up and than hope for an investor to clean out the shit

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  14. Jakopin and Pipistrel for the last 10 years have benefited from yearly multimilion EUR state aid out of Slovenia budget.

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  15. Yep but they did something with it and brought Slovenia forward in a positive light. U can be proud of them

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