Viadukt to sell Zagreb Airport share

GLOBAL AVIATION NEWS

Doha becomes Middle East’s busiest

In the battle to be the pre-eminent travel hub in the Middle East, the latest research from ForwardKeys has revealed that Doha seized and consolidated a lead over Dubai in the first half of 2021. In the period January 1 -June 30, the volume of air tickets issued for travel via Doha was 18% higher than it was through Dubai; and that relationship looks set to continue. Current bookings for the second half of the year through Doha are 17% higher than through Dubai. At the start of the year, air traffic through Doha was at 77% of Dubai; but it quickly reached 100% for the first time during the week commencing January 27. The major factor driving the trend was the lifting, of the blockade of flights to and from Qatar this January, which was imposed in June 2017 by Bahrain, Egypt, Saudi Arabia and the UAE, who accused Qatar of sponsoring terrorism - an accusation it strongly denies. Since January, five routes were restored by Qatar Airways in the region and new routes launched further afield. Olivier Ponti, Vice President of insights at ForwardKeys, said, “Without the blockade, which encouraged the establishment of new routes as a strategy to replace lost traffic, perhaps we would not have seen Doha charging past Dubai. So, it seems that the seeds of Doha’s relative success were, ironically, sown by the adverse actions of its neighbours. However, one needs to bear in mind that flights through the Middle East during first half of 2021 were still 81 per cent below pre-pandemic levels. So, as the recovery gathers pace, the picture could change significantly”. The last major factor, which has given Qatar an edge over Dubai, has been its reaction to the pandemic. During the height of the Covid-19 crisis, many routes in and out of Doha remained operational, with the result that Doha became a major hub for repatriation flights - most notably to Johannesburg and Montreal.
Source: Breaking Travel News

Viadukt to sell Zagreb Airport share

NEWS FLASH

Viadukt, one of the six shareholders in Zagreb Airport International Company (ZAIC), which manages Croatia's busiest airport, is selling its entire 5.11% stake in the consortium. The Croatian construction company is selling its shares for a minimum of seven million euros. Interested parties had until early December to submit their bids. Once the highest bidder is selected, the process is expected to take some time to complete. The transaction must be in accordance with UK law, where ZAIC is registered, and must be approved by all other shareholders. The new owner will also take on all of Viadukt's obligations within the consortium, including loan repayments. ZAIC is currently made up of Aeroports de Paris Management (20.77%), Bouygues Batiment International (20.77%), Fond Marguerite (20.77%), IFC (17.58%), TAV Airports (15.0%) and Viadukt (5.11%). The company recently named Huseyin Bahadır Bedir as its new CEO.

Comments

Anonymous11:27
Could this have to do with the airport's financial troubles? Why would they want to leave?
ReplyDelete
Replies
Anonymous12:01
Yes, Viadukt, as a company is not doing well.
ReplyDelete
Replies
OjOj13:19
Nasta je spao Viadukt.....firma koja je bila u stanju nekad sagraditi Peljeski most onako usputno.......bankrot.
ReplyDelete
Replies
Anonymous23:46
Why and how is ZAIC registered in UK?
ReplyDelete
Replies

Add comment

Search This Site

Viadukt to sell Zagreb Airport share

Comments

Post a Comment