Thursday, May 24, 2018

World Bank praises Macedonian airport concession

NEWS FLASH


One of the world's largest financial lenders, the World Bank, has commended Macedonia's concession of its two international airports and is now using the model as an example for other countries to follow. In a report on public private investments, the World Bank has advised governments, particularly in Africa, to follow Macedonia's example. The financial institution noted that the government's 2008 decision to sign up to a twenty-year concession contract with TAV Airports Holdings to build and operate Macedonia's two largest airports has proven extremely successful. As part of the agreement, TAV is entitled to 4% of the gross annual revenue levied at both airports.The co-founder and CEO of TAV Airports Holdings, Sani Sener, recently said, "Macedonian airports are booming. This happened after a successful privatisation. We had 700.000 passengers in Skopje and only 30.000 passengers in Ohrid before. Now in Ohrid we have 150.000 passengers annually and in Skopje we expect to have two million passengers". Skopje Airport has the capacity to handle four million passengers per year, with some 110 million euros invested in the construction of the terminal which opened in 2011.

11 comments:

  1. Well done, Makedonia! Happy alphabet day!
    Greetings from Sofia!

    ReplyDelete
  2. 4% of revenue is a joke. Practically for free.

    Real reason why traffic is booming is state aid to Wizz. Macedonian taxpayer should decide whether it's worth to spend their money this way.

    ReplyDelete
    Replies
    1. I remember the time when flying to BKK was faster than flying to SKP from anywhere in Europe. Not to mention the cost of the flight, and if you unfortunate enough to book with JAT, the painful 8 hour stopover in BEG flying with ancient turboprop.

      Delete
    2. That ancient turboprop was all you had back then. JU was one of the rare airlines to bother sticking around so maybe show some respect.

      Delete
    3. ...and ASL flew to SKP for free and not because it wanted to make profit on this route, so not only that i show respect for the old turboprop but im endlessly thankful too

      Delete
  3. Much better than wasting money on a flag carrier!

    ReplyDelete
  4. World Bank is now doing marketing campaign for Wizzair? Is it pro bono at least?

    ReplyDelete
    Replies
    1. HAHAHAHAHAHAHAH!

      Delete
    2. How can airports in Africa follow their example when Wizz does not fly to Africa, except Morocco? Same with Ryan. Model is primarily based on giving exclusive subsidy to a ULCC carrier to grow traffic. Unless World Bank knows something we don't (Wizz expanding to Africa, for example), their advice won't work.

      Delete
    3. Maybe they are refering to FastJet.

      Delete
    4. fyi, there are many ULCCs in Africa, and Wizzair was not even mentioned in this article

      Delete

EX-YU Aviation News does not tolerate insults, excessive swearing, racist, homophobic or any other chauvinist remarks or provocative posts with the intention of creating further arguments. A full list of comment guidelines can be found here. Thank you for your cooperation.