30 Nov '16, 4pm

Russia-Singapore consortium buys Vladivostok airport

A consortium led by Singapore’s Changi Airports International (CAI) has signed an agreement to acquire shares in Vladivostok International Airport from Sheremetyevo airport. The consortium also includes Basic Element and the Russian Direct Investment Fund (RDIF). The group will own 100% of Terminal Vladivostok company, which owns and operates the airport terminal building, and 52.16% of International Airport Vladivostok company, which holds the airport license. RDIF, CAI and Basic Element each hold an equal interest of 33.3% in the consortium, which won a tender for Vladivostok airport in February 2015. “The consortium will focus on expanding the airport’s route network, increasing flight frequencies,” according to a statement. From January-June 2016 Vladivostok Airport handled 781,844 passengers, up 3.9% year-over-year. Its capacity currently allows it to handle 3.5 milli...

Full article: http://atwonline.com/airports-routes/russia-singapore-con...

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