Skip to main content
  • Home

Search This Site

EX-YU Aviation News

EX-YU Aviation News

  • About
  • Vintage
  • Trip Reports
  • Newsletter
  • Support

EX-YU VINTAGE


Zagreb Airport, 1968

Asian operators eye Montenegro's airports

  • Get link
  • Facebook
  • X
  • Pinterest
  • Email
  • Whatsapp
  • Telegram
  • Reddit
  • Linkedin
  • Other Apps

Operators from Asia have expressed the greatest interest in the upcoming concession of Montenegro's two airports - Podgorica and Tivat. Companies from India, South Korea, the United Arab Emirates and Turkey are expected to bid for the concession, although interest has also been shown from Germany and Finland. The Montenegrin government is expected to adopt a concession act in the coming weeks, paving the way for the process to begin. "There is significant interest for our two airports. We are in a position to select a quality operator, a company or consortium that will develop both airports in line with demands of the tourism sector and the public", Montenegro's Minister for Transportation and Maritime Affairs, Osman Nurković, said.

The two airports will be offered for a concession ranging between 25 and thirty years. The future concessionaire will be obligated to make a minimum one-off payment of 100 million euros to the Montenegrin government and will be required to invest at least 85 million euros into the two airports, which are being offered to investors as part of a single package. The yearly concession fee will total 10% of gross annual income. "We expect to receive excellent offers. This way we can make a great deal for the airports and the state. The concession is vital in order for Tivat Airport to follow through with its plans to build a new passenger terminal, extend its runway and overhaul its taxiways", the Minister noted.

Asian operators have previously shown interest in other airports in the former Yugoslavia as well. Incheon International Airport Corporation from South Korea submitted bids for both Zagreb and Belgrade airports, while India's GMR Infrastructure Limited was among the top five bidders at Nikola Tesla Airport. It is also expected for Dubai Airports Company to submit a bid for Podgorica and Tivat. Porto Montenegro, a luxury yacht marina complex near Tivat Airport is owned by the state-run Investment Corporation of Dubai, which also owns a number of companies in the transportation sector, including Dubai Airport, Emirates and Flydubai. On the other hand, Turkey's TAV Airports Holding, which has become a global brand in airport construction projects and operations, has already held talks with Mr Nurković on several occasion concerning the concession.




May 12, 2019
Feature montenegro podgorica Privatisation tivat
  • Get link
  • Facebook
  • X
  • Pinterest
  • Email
  • Whatsapp
  • Telegram
  • Reddit
  • Linkedin
  • Other Apps

Comments

  1. Anonymous09:03

    It seems its constantly the same companies bidding for airports in ex-Yu.

    ReplyDelete
    Replies
    1. Anonymous09:12

      I think it is the first time Dubai Airports is interested.

      Delete
      Replies
        Reply
    2. Anonymous11:07

      They would be a good option.

      Delete
      Replies
        Reply
    3. Anonymous16:09

      Do they manage any other airports outside of Dubai?

      Delete
      Replies
        Reply
    4. Reply
  2. Anonymous09:04

    Airports of Montenegro is one of the most profitable companies in Crna Gora. Why would you sell it?

    ReplyDelete
    Replies
    1. Anonymous09:10

      Because they need the money to cover losses of unprofitable state companies like Montenegro Airlines.

      Delete
      Replies
        Reply
    2. Anonymous09:47

      The only state-owned company that is profitable, but nevertheless, it needs to be privatized

      Delete
      Replies
        Reply
    3. Reply
  3. Anonymous09:11

    If TAV did something similar in Podgorica to what they did in Skopje, that would be amazing

    ReplyDelete
    Replies
    1. Anonymous09:14

      Making it a Wizz Air base?

      Delete
      Replies
        Reply
    2. Anonymous09:24

      Why not? I would be more than happy with that.

      Delete
      Replies
        Reply
    3. Anonymous09:28

      Wizz coming to Skopje has nothing to do with TAV. It was the government's doing.

      Delete
      Replies
        Reply
    4. Anonymous09:31

      Wizz already flies to Podgorica. Ryanair too.

      Delete
      Replies
        Reply
    5. Anonymous09:35

      And Laudamotion too. TGD has a good combination of low costers and legacies.

      Delete
      Replies
        Reply
    6. Anonymous10:08

      Only easyjet is missing.

      Delete
      Replies
        Reply
    7. Anonymous10:36

      They fly to Tivat.

      Delete
      Replies
        Reply
    8. Reply
  4. Anonymous09:12

    Looks as if TGD and TIV will be handed over to the Turks.

    ReplyDelete
    Replies
    1. Anonymous11:08

      What makes you think that?

      Delete
      Replies
        Reply
    2. Anonymous16:10

      Nurkovic is lobbying for them.

      Delete
      Replies
        Reply
    3. Reply
  5. Anonymous09:15

    Maybe they get Podgorica and Tivat and are obliged to complete the Berane Airport project too. If I am not mistaken TAV has to build a cargo airport in Stip in Macedonia under the concession agreement.

    ReplyDelete
    Replies
    1. Anonymous11:06

      Stip cargo airport project is cancelled.

      Delete
      Replies
        Reply
    2. Reply
  6. Anonymous09:19

    They do realize that when they sell the airport the new owners won't turn a blind eye towards MGX?

    ReplyDelete
    Replies
    1. Anonymous09:24

      That's why the concession has been delayed.

      Delete
      Replies
        Reply
    2. Reply
  7. Anonymous09:28

    So another one bites the dust. Now we have under concession or privatization Zagreb, Ljubljana, Skopje, Pristina, Maribor, Portoroz, Ohrid, Belgrade.

    ReplyDelete
    Replies
    1. Anonymous09:46

      Maribor's concession will end in July. It was a big success story.

      Delete
      Replies
        Reply
    2. Anonymous09:56

      Will there be anything left in ex-Yu that hasn't been sold :(

      Delete
      Replies
        Reply
    3. Anonymous10:01

      They are not selling the airports - it's a concession.

      Delete
      Replies
        Reply
    4. Reply
  8. Anonymous09:30

    Podgorica needs to expand. The terminal is small.

    ReplyDelete
    Replies
    1. Anonymous09:47

      Didn't they build a makeshift terminal last year?

      Delete
      Replies
        Reply
    2. Anonymous09:53

      Yes they put up a shed more like it.

      Delete
      Replies
        Reply
    3. Anonymous09:56

      I think it looks quite nice

      https://www.exyuaviation.com/2018/12/tivat-airport-opens-new-terminal.html

      Delete
      Replies
        Reply
    4. Anonymous12:39

      Podgorica needs to be expanded too. They are hitting over a million passengers. It needs to expand. The terminal is small.

      Delete
      Replies
        Reply
    5. Anonymous16:11

      They already made some expansion plans
      https://www.exyuaviation.com/2019/04/podgorica-airport-plans-terminal.html

      Delete
      Replies
        Reply
    6. Reply
  9. Anonymous09:34

    I think these two airports have a lot of potential but Tivat can no longer grow without a new terminal. A real shame we won't see any construction there any time soon.

    ReplyDelete
    Replies
    1. Anonymous16:14

      Well they did build the makeshift terminal.

      Delete
      Replies
        Reply
    2. Reply
  10. Anonymous09:46

    Sarajevo, Dubrovnik and Split will be the only bigger airports left without a concession.

    ReplyDelete
    Replies
    1. Anonymous16:11

      Dubrovnik and Split don't need a concessionaire. Sarajevo on the other hand...

      Delete
      Replies
        Reply
    2. Reply
  11. Anonymous09:59

    Hope the country gets a good price for the two.

    ReplyDelete
    Replies
    1. Anonymous10:02

      100 million straight up + 85 million euro investment as they are suggesting is quite good

      Delete
      Replies
        Reply
    2. Reply
  12. Anonymous10:05

    I think this would be a good opportunity for TAV to expand its portfolio in the Balkans.

    ReplyDelete
    Replies
      Reply
  13. Anonymous10:06

    Do we actually know Airport Montenegro finances. Revenue? Profits?

    ReplyDelete
    Replies
    1. Anonymous10:07

      They had 10 million euro profit in 2018 before tax.

      Delete
      Replies
        Reply
    2. Anonymous14:07

      It would have been bigger if Montenegro Airlines paid for using the airport.

      Delete
      Replies
        Reply
    3. Reply
  14. Anonymous11:01

    Concessionaire might bring down fees. Podgorica and Tivat are quite expensive for LCCs.

    ReplyDelete
    Replies
    1. Anonymous11:05

      Usually the opposite happens.

      Delete
      Replies
        Reply
    2. Reply
  15. Anonymous11:05

    We already have French and Turks and Germans running airports in ex-Yu. Someone from Far East Asia would be nice.

    ReplyDelete
    Replies
      Reply
  16. Anonymous11:06

    Would be interesting to compare how much did SKP+OHD fetch and how much TGD+TIV will get.

    ReplyDelete
    Replies
    1. Anonymous11:18

      Nothing. The concession was given for 20 years under terms for them to build a new terminal in Skopje and build an airport in Stip, which they haven't and won't do.

      Delete
      Replies
        Reply
    2. Anonymous16:13

      wow interesting

      Delete
      Replies
        Reply
    3. Reply
  17. Anonymous12:42

    Fraport or Vinci would be great.

    ReplyDelete
    Replies
    1. Anonymous15:47

      With them already operating BEG and LJU I doubt they will take Montenegro's airports.

      Delete
      Replies
        Reply
    2. Anonymous15:56

      So? TAV also manages Skopje, Ohrid and partly Zagreb and they are very interested in TGD and TIV.

      Delete
      Replies
        Reply
    3. Reply
  18. Anonymous12:47

    State will have to find a solution for YM before it makes an airport transaction. YM owes millions to the airport and has no way to repay them. State owned airports don't care that much because they are all part of the same family but trust me a foreign operator will.

    ReplyDelete
    Replies
    1. Anonymous15:48

      They will simply right off the debt before the airports are sold. Problem solved. Welcome the the Balkans.

      Delete
      Replies
        Reply
    2. Anonymous16:13

      * write off

      Delete
      Replies
        Reply
    3. Reply
  19. Anonymous12:48

    Good news for Montenegro. These airports should definitely get a professional management.

    ReplyDelete
    Replies
    1. Anonymous15:56

      I think this management has been doing quite well. Lots of new airlines and passenger numbers growing.

      Delete
      Replies
        Reply
    2. Anonymous16:06

      It's still a politically appointed management based on party lines who are not directly relted to aviation at all.

      Delete
      Replies
        Reply
    3. Reply
  20. Anonymous15:12

    I definitely see Scoot and Air Asia operating flights to Crna Gora.
    Air Asia is returning to Europe soon with the new A330 neo.

    We could see routes from KUL or BKK to TGD or TIV.

    ReplyDelete
    Replies
    1. Anonymous16:15

      Yes and eventually Scoot will be replaced by Singapore Airlines that will send an A380 to Tivat.

      Delete
      Replies
        Reply
    2. pozdrav iz Rijeke20:22

      Yes of course SQ it will be for sure but I think it will be the newest A350-900ULR in all business configuration, something like they use for EWR. LOL

      Delete
      Replies
        Reply
    3. Anonymous00:35

      Singapur are actually passively looking into Montenegro. This has been the case since septembre 2017.
      Traffic from Oceania and Japan is growing and more tourists are pojected to visit ME especially Budva.lets see how it goes.

      Delete
      Replies
        Reply
    4. Anonymous06:37

      I don't think direct flights from East Asia to either TGD or TIV are likely... at all

      Delete
      Replies
        Reply
    5. Reply
  21. Anonymous05:58

    Based on info from MNE, Changi is also interested. Incheon Airport most likely.TAV,hm..so-so chances, but all privatization projects in MNE by Turks are completely disaster (Port of Adria-Bar, Toscelik....etc)

    ReplyDelete
    Replies
      Reply
Add comment
Load more...

Post a Comment

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.

VINTAGE EX-YU


Zagreb Airport, 1968

POPULAR THIS WEEK

Image

Wizz Air Abu Dhabi's exit opens door for competitors in the Balkans

Image

Wizz Air Abu Dhabi halts Belgrade, Sarajevo sales

Image

Tbilisi success prompts Air Serbia to explore new Eastern routes

Image

Belgrade Airport eyes million passengers in single month this August

Image

Croatia registers strong passenger growth on Spain routes

Powered by Blogger
© EX-YU Aviation News 2008 - 2025