Seven tentative bids for Montenegrin airports

GLOBAL AVIATION NEWS

Emirates posts first loss in 30 years

Dubai-based Emirates airline has posted a $5.5 billion annual loss, its first in more than three decades, after the coronavirus pandemic devastated the aviation industry. The carrier said it received a capital injection of $3.1 billion from its owner, the government of Dubai, to help it survive the crisis. The Emirates group was "hit hard by the drop in demand for international air travel as countries closed their borders and imposed stringent travel restrictions", said Chairman and Chief Executive, Sheikh Ahmed bin Saeed Al Maktoum. "No one knows when the pandemic will be over, but we know recovery will be patchy", he said in a statement. The Middle East's largest carrier said that the fallout triggered a loss of 20.3 billion dirhams ($5.5 billion) over the financial year to March, after last year's 1.1 billion dirhams ($288 million) profit. The airline, which was forced to temporarily suspend scheduled operations last year, saw revenue fall 66% to $8.4 billion. Over the fiscal year Emirates carried 6.6 million passengers, down 88% from the same period in the previous year. "The Covid-19 pandemic continues to take a tremendous toll on human lives, communities, economies, and on the aviation and travel industry", Sheikh Ahmed said. "Economies and companies that entered pandemic times in a strong position, will be better placed to bounce back", he added. The last time the airline reported a loss was in the 1987-88 financial year, when it was starting up its operations. Like other major carriers, Emirates began announcing heavy layoffs when its fleet of A380 superjumbos and Boeing 777s was grounded. The Emirates Group's employee base - which includes ground-handling firm Dnata - was slashed by 30.8% to 75.145 employees. Before the virus hit, Emirates airline alone employed some 60.033 staff, including 4.300 pilots and nearly 22.000 cabin crew. The workforce has now shrunk to 40.801 staff. Emirates is currently flying to 157 destinations, almost its full travel network of 158 destinations in 85 countries before the pandemic.
Source: France 24

Seven tentative bids for Montenegrin airports

NEWS FLASH

The Montenegrin government has received seven bids in the first of two tenders for the thirty-year concession of its two international airports - Podgorica and Tivat. The first pre-qualification round required interested parties to apply in order to demonstrate their intent. Those applying included South Korea’s Incheon International Airport Corporation, GMR from India, Turkey’s Limak Holding, Corporation America Airports from Luxembourg, as well as three consortiums made up of Cengiz & Copenhagen Airports; the Groupe ADP Consorcium - TAV; and DAA International - Bouygues Batiment International - Marguerite - TIIC. Currently, Groupe ADP - TAV jointly run Zagreb Airport, Limak Holding operates Pristina Airport as part of a consortium and TAV also manages Macedonia’s international airports on its own. Incheon International Airport Corporation has previously bid for the concessions of both Zagreb and Belgrade airports, making it to the final round in both cases, while India’s GMR was also a finalist in the race for Belgrade Airport’s concession.

The tender commission will now evaluate each bid to determine if they meet all the necessary requirements set out by the Montenegrin government. It will then launch a second tender for the submission of final bids. The signing of the concession agreement is expected in March 2020.

Comments

Anonymous12:34
Montenegro keeps winning!
ReplyDelete
Replies

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.