The Croatian government has given its approval to Zagreb Airport's operator to refinance some 198 million euros of debt from 2013 under more favourable terms. "Conditions have been met for the refinancing of existing debt which will enable the concessionaire to further strengthen the stability of the project, pave way for investments into the expansion of the passenger terminal and lower future business risks", the Croatian Minister for Sea, Transport and Infrastructure, Oleg Butković, said. Under the agreement between operator Zagreb Airport International Company and the Croatian government, the concession holder cannot amend or in any way alter the financing agreement before prior approval from the state.
The concession agreement stipulates that the government is entitled to 33% of any profit resulting from debt refinancing. As a result, the state anticipates receiving some seven million euros, four of which will be paid directly to the budget and the remaining three will be used to upgrade the VIP lounge and general aviation facilities used by the Croatian government and personnel at Zagreb Airport. The airport's management recently said it plans to start work on a new building that will house car rental agencies, that will be located near the terminal. Furthermore, it plans to build a new apron capable of handling wide-body aircraft. "This means we will then have to invest in new jet-bridges for larger aircraft. Following this, we intend to commence work on the overhaul of the old passenger terminal", the airport's management said in October. The operator is obligated to start expanding the main terminal building no later than the end of March in the year it anticipates handling its five-millionth passenger.
Meanwhile, the Supervisory Board of Zagreb Airport International Company has named the airport's new General Manager, who will replace Jacques Ferron after three years at the helm. Huseyin Bahadır Bedir will now lead the airport. He previously served as Zagreb's Chief Operating Officer and Board Member, as well as the Chief Executive Officer of Ground Handling. Mr Bedir was also previously the General Manager of Ground Handling at TAV Airports in Tunisia. TAV Airports holds a 15% share in Zagreb Airport's operator, along with Aeroports de Paris Management (20.77%), Bouygues Batiment International (20.77%), Fond Marguerite (20.77%), IFC (17.58%) and Viadukt (5.11%).
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hmm how about they use it for something worthwhile for all citizens?
https://avioradar.hr/index.php/hrvatska/nove-linije/1274-kanadski-air-transat-pojacava-liniju-za-zagreb?fbclid=IwAR300o2CdTpYx9Kl1XZmywtIrBqtP8nM0tlDRqI6DN4BDYiGfaIUr1nM8AQ
TAV is also supporting the LCC growth in Macedonia heavily through its incentive scheme. Its not only the Gov't who is subsidizing traffic growth.
In the text it says:
The airport's management recently said it plans to start work on a new building that will house car rental agencies, that will be located near the terminal. Furthermore, it plans to build a new apron capable of handling wide-body aircraft. "This means we will then have to invest in new jet-bridges for larger aircraft. Following this, we intend to commence work on the overhaul of the old passenger terminal",
The terminal is modern, the airlines are mainly 4-5 stars. The niche of passengers also has more style.
Ask anyone who has travelled. This makes it really unique and I am not exaggerating.
"The niche of passengers also has more style."
Yes, ZAG is world-renowned for its stylish passengers, and airlines are flocking there in hope of capturing some of that pedigree.
Christ…
Are you joking? Most people "worldwide" don't even know WHAT Zagreb is, let alone where it is. Superiority complex much?
I dumbfounded by the fact that there are no nonstop flights between Zagreb and Rome still.
Overall a new approach is needed as like this the airport won't grow.
Yes, correct. Every airline which complies with the conditions of the TAV incentive scheme are eligible for support. Wizzair is one of the several airlines which are eligible for incentives from TAV.
The Governement's subsidiaries are also available for every airline which complies with the conditions of the support.
In the end, Both TAV and Government supports traffic development jointly.
They need to do what BEG does, constantly get new airlines to launch flights and increase frequencies. This winter was especially bad. When airlines started to cut flights in January and February the airport and the tourist board should have worked to keep them flying by promoting Zagreb as winter wonderland destination.
The CEO is accountable to the shareholders and is responsible to manage the company according the shareholders' decisions which are taken all together.
Get real, how can the French give control of the concession to another party? And why would they? Why would they let another party solely manage the airport which they have invested a lot of Money in? Would you do that? They wouldn't be able to do it even if they wanted to. There are tons of agreements to prevent this.
Every shareholder has joint control over the Airport company regardless of appointing the CEO, CFO, COO whatsoever.
It is strange and suspicious that ZAG operator does not have money to pay to Government agreed amount of money and needs to "refinance" its debt.
After all it looks like that many things do not work as they should in ZAG and that income is less than expected
The plans of the Govt of Cro are to fully join Schengen space within one year. All tecnical conditions have been met, and only formal political decision has to be made by EU, similar case as with BG and RO. It means that some 80%of existing traffic is becoming "domestic", not to mention possible development with LCC which are almost or entirely "domestic=Schengen". Your suggestion would result in overcrowded old terminal, as before, and the new one being empty almost all of the time. In my opinion, old terminal is ideal for LCC operations, the new one for legacies, and the space between the two, for cargo, with some construction/modification to be done
If EK is so super successful why do they leave during the winter?
Get real.
Eindhoven
Gerona (Girona)
Bratislava
Moscow VKO or ZIA
Ironically enough, BNX might soon reach the levels acheived by INI. There will be 7 destinations in summer.
I think someone posted ZAG-AMS numbers falling when Transavia launch LJU-AMS.
Should BNX become a LCC base, it will be very difficult for ZAG afterwards.
Scoot could fit nicely to Zagreb
BNX might become quite dangerous for ZAG not because people from Zagreb would fly from BNX but due to the fact that people from Banja Luka and surrounding will not go to Zagreb anymore
Nemjee, do you maybe have official numers to confirm or deny it?
https://www.banjaluka-airport.com/OSTALA%20DOKUMENTA/c2016.pdf
ZAG should follow the same example and lower the fees, too.
It must be quite difficult financial situation in ZAG especially as almost no new airlines announced new flights for 2019
https://avioradar.hr/index.php/hrvatska/nove-linije/1275-croatia-airlines-projacava-promet-prema-dublinu
Sorry, Croatia published their numbers up to July, so no KE numbers at this point.
What Vinci seems to be doing is reducing the quiet period by encouraging airlines to fly during that time (ASL, Aeroflot..). Also, I think they are planning on expanding the current terminal facilities without building a whole new, separate terminal buildng.
Cut down on bunika.
https://blog.dnevnik.hr/aviozag
KE Numbers are ok in November and really good in December. November was bit down, 57% lF on the route, and December so far is around 75%.
I'll tell you what, I'm not sure how old you are or what your experience is but you're a perfect example of whats wrong with Croatia. They need to look no further than home to find energetic people to run the country properly but the ugly head of nepotism if slowly killing the country.
Regarding some of your infrastructure comments. I wrote in this from when we had first seen the final design plans that the amount they reduced the ramp space was going to cause a big problem.
If I'm not mistaken, you reside in Australia, and don't spend too much time in Croatia. The poster was unfortunatelly not sarcastic. You can't even imagine how many of those there are in Croatia, whose most distant destination ever was Graz, and who really think that because of finally and 20 years too late having new and not so big and not so functional terminal, is something prestigious and extraordinary
Notice how they never come back to defend the original comment?
Best to ignore them and they will eventually get bored and stop.