Sunday, November 23, 2014

Vinci eyes Montenegro’s airports

Vinci interested in Podgorica and Tivat airports

French concession and construction company Vinci has expressed interest in establishing a partnership with Airports of Montenegro, the state-owned company that runs the country’s two international airports - Podgorica and Tivat. The announcement comes just over a week after the French concession holder expressed interest to invest in Belgrade Nikola Tesla Airport. During the week, Vinci Chairman, Nicholas Notebaert, met with Montenegro’s Prime Minister Milo Djukanović in Podgorica. Following the meeting, Mr. Djukanović said, “The partnership will result in a higher frequency of flights to Montenegro, making the country more accessible to tourists and visitors and opening the way for the arrival of new investors”. Talks between officials from Vinci Airports and the Montenegrin government on a possible partnership are set to continue.

On the other hand, Mr. Notebaert noted that by establishing a partnership with Vinci, Montenegro’s airports could offer the highest standard of service in the region. Furthermore, their activities would include a marketing campaign promoting Montenegro to investors, tourists and visitors. Over the years, several companies have expressed inertest in taking over the operator of Podgorica and Tivat airports, including the Turkish conglomerate Limak Holding in 2011. The CEO of Airports of Montenegro, Milovan Djuričković, who has run the company since 1999, recently spoke out against attempts to privatise the two airports. “There can only be three reasons for privatising a company. One is if the management is bad, which in this case it isn’t, the second is if the company is unable to finance further development, which isn’t the case and lastly if the government is strapped for cash. An airport is of strategic importance to a country”, Mr. Djuričković said.

Vinci has been eyeing the former Yugoslav market for some time. In September, it lost out in a bid to buy a 75.5% stake in Slovenia's Ljubljana Airport to German operator Fraport. It offered 96.7 million euros for a 75% stake. Two weeks ago, the company’s Chairman said in Belgrade, “Vinci Airports have an ambition to cooperate on the development of Belgrade Airport and other Serbian airports. We are interested in long-term partnerships”. Vinci runs a total of 23 airports across France, Portugal and Cambodia. It employs over 179.000 people and is the world’s leading construction company by revenue. It profits total almost two billion euros.

17 comments:

  1. There is not a lot left to buy in ex-Yu: Sarajevo, Belgrade and Montenegro

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    1. Belgrade won't be sold, government wants to devolop it by themselfs, or concessor. That is stupid idea because government doesn't has so much money, and nobody will invest in BEG with conditions which are set by now there.

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    2. Don't be silly, concessions are common in the world. It's not like the Serbian government is the first one to do it.
      Plus, it's always better for your only normal airport in the country not to be sold to a foreign company.

      Delete
  2. Due to bad weather in Warsaw, YU-AND, was forced to land in Krakow. Many other flights were delayed or cancelled.
    Poor passengers, not only did they have to fly on the archaic B733 but now they will have to take a bus to Warsaw.

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    Replies
    1. Same for Sarajevo. Turkish Airlines (B737-700) will most likely divert to Belgrade. It is currently circling over Republika Srpska.

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    2. After 40 minutes of circling it seems like the weather has cleared up so it will manage to land.

      Maybe SJJ should rather invest in its CAT system rather than a new terminal.

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    3. Nope, it's still circling around SJJ. God, this is bad.

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    4. This happened a few weeks ago. A TK jet was circling Sarajevo for 2 hours. It must have not been very pleasant on board.

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  3. Aegean is considering introducing the A330 to its fleet to start with long-haul flights to north America. With a much better product, alliance membership and a more transfer-friendly airport, Air Serbia will face some fierce competition, especially in markets such as Israel, Lebanon or Cyprus.

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    Replies
    1. jel postoje jos velike i visoke hangare u BEG (od vrijeme DC 10)?

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    2. Yes, someone posted the pics of those recently, they;re jointly used by Air Serbia (1 line) and the rest by Jat Tehnika.

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    3. A3 intends to open another 25 destinations before considering long haul. They will have a nice expansion next year. Ive flown a few months back with A3, I think theyre good.

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  4. Yes they will, but most of the passangers will come from yugoland using as

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  5. Is it true that ASL did not get licence for transfer passengers from ZAG?

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    Replies
    1. Scroll down the main page
      http://exyuaviation.blogspot.com.au/2014/11/air-serbia-hits-roadblock-in-zagreb.html

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    2. So the stories that ASL has not been granted licence are trolling?

      Delete

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