LONDON--Alberta Investment Management Corporation, on behalf of its clients (“AIMCo”), OMERS, Ontario Teachers’ Pension Plan (“OTPP”) and Wren House Infrastructure Management Limited (“Wren House”), the infrastructure investing arm of the Kuwait Investment Authority, (each a “Consortium Member” and collectively the “Consortium”), is pleased to announce that it has signed an agreement to acquire the company that owns and operates London City Airport.
The Consortium consists of international infrastructure investors, all with proven track records, which will bring significant financial and operational expertise to London City Airport. Financial details of the transaction have not been disclosed.
London City Airport, which is located in the Royal Docks, in the London Borough of Newham, is a highly attractive infrastructure investment in the UK. The airport represents a unique opportunity to invest in an integral part of the London airport system and offers a service proposition based around location, convenience, speed and customer service. London City Airport is located in close proximity to Canary Wharf, the City of London and the West End, and is easily connected through the Docklands Light Railway service to the airport, as well as road links.
Since the acquisition of its controlling stake by Global Infrastructure Partners in 2006, London City Airport has successfully grown passenger numbers from 2 million in 2005 to 4.3 million in 2015, with an 18.3% increase in the last year alone.
The Consortium is committed to the responsible, long-term ownership and development of London City Airport to ensure its continued strong position and reputation as a key airport for London. Working together with management and local authorities, the Consortium will support the enhancement of facilities and build on the airport’s successful track record.
As part of its investment, over the long-term, the Consortium is dedicated to developing existing and new airline relationships and routes, improving the airport’s already excellent customer service, and generating opportunities for new and existing employees.
The Consortium has proven experience as long-term owners and operators of UK and European airports, as evidenced by selected members’ current ownership of Belfast International Airport, Birmingham Airport, Bristol Airport, Brussels Airport and Copenhagen Airport, and historical investments in Rome Airport and Sydney Airport. The Consortium has a strong track record of investing in and growing excellent businesses, maintaining good relationships with customers, staff, management, regulators and other stakeholders.
A spokesperson for the Consortium said: “London City Airport is a premium infrastructure company, operating in a very attractive market. We look forward to working closely with the airport’s strong management team to achieve the business’s full long-term potential. Our investment and support will foster a mutually beneficial relationship between the airport and its airlines, passengers and employees, while ensuring a positive economic impact for all of London and the local community, in particular.”
Louisville, Kentucky based aircraft sales and aviation services specialist Globalair.com and Irelands’ Global FBO Consult have teamed up to offer FBOs, ground handling services and airports unique information on marketing, media and public relations, competitor traffic analysis, strategic partnership negotiations, business intelligence and all other related topics via targeted articles to be written by Global FBO Consult and broadcast by Globalair.com
Neosha Miller, Director of Sales for West Coast & International Markets at Globalair.com stated “We are delighted to share Global FBO Consult’s fresh ideas and experiences with FBOs and airports as they have a real understanding of what difficulties and trends affect the industry”
Senior Consultant at Global FBO Consult, Joe McDermott added “We are very pleased to have this opportunity to offer our services via Globalair.com. By sharing the information in the articles the FBO & business airport industry will benefit the most, and I believe it will strengthen the profile of both our organizations”
With over 150,000 unique visitors each month and over 20 years of experience, GlobalAir.com continues to connect and support the aviation industry worldwide. From the Aircraft Exchange listing thousands of aircraft for sale or lease, the Airport Resource Center (ARC) that displays U.S. airport data and fuel prices on over 3200 FBOs, to the Aviation Directory’s thousands of aviation service companies and Aviation Events around the world, GlobalAir.com offers clients and online visitors one of the largest aviation resources in the world. Last year, GlobalAIr.com in an effort to support the future of aviation, launched the Calvin L. Carrithers Aviation Scholarship program to support selected student’s tuition funding when enrolling in an accredited University aviation program.
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- Naples Is the First of Several Planned Flexjet-Exclusive Private Terminals
- New Facility Offers Enhanced Amenities for Owners Traveling to and from Florida
- Open House for Current and Prospective Flexjet Owners Set for February 15
CLEVELAND, OH February 12, 2016 – Flexjet LLC, offering travelers access to the world’s most luxurious fleet of private jets, today officially announced the opening of its first Flexjet-exclusive private terminal. The facility, at Naples Municipal Airport in Naples, Florida, will be used by Flexjet Owners flying in and out of the Southwestern Florida region. To celebrate the facility’s official opening, Flexjet will host an open house for current and prospective Owners on the Presidents’ Day Holiday weekend (February 15, 2016).
Historically, this is one of Flexjet’s busiest travel periods in and out of the Naples area, among Florida’s fastest-growing regions and most popular destinations. The event will allow current and prospective Owners to experience first-hand the enhanced travel experience as Flexjet opens similar facilities around the country.
The opening of Flexjet’s Naples private terminal is the first of several planned Flexjet-exclusive private terminals at airports where it experiences the greatest demand. Following Naples, the next Flexjet-exclusive private terminal will open later this year at Westchester County Airport, serving the substantial concentration of Flexjet Owners who live north of New York City in the suburban counties of Westchester, New York and Fairfield, Connecticut.
A network of private terminals became increasingly necessary to accommodate Flexjet’s growing fleet of large-cabin aircraft including the Gulfstream G450 and the Bombardier Global Express. In addition, these private terminals punctuate the premium comfort and customization provided through Red Label by Flexjet. Red Label simulates a private flying experience that is as rewarding and empowering as owning one’s own aircraft, bridging the gap between traditional fractional ownership programs and whole-aircraft ownership.
“Since the soft opening of Flexjet’s Naples private terminal last fall, hundreds of Flexjet flights have brought our Owners through the facility,” said Flexjet Vice President of Owner Services Megan Wolf. “Our Owners’ positive feedback makes it clear that our first private terminal, complemented by our innovative Red Label offering, has taken the fractional private jet flying experience from extraordinary to incomparable.”
The Flexjet-exclusive private terminal at Naples offers:
- Sheltered and shaded parking facilities, complete with an area to detail Owner vehicles while they are away
- Onsite Owner Experience representatives who can facilitate all Owner needs and assist with current or future flights
- Conference rooms, private work spaces and Wi-Fi Internet access
Feb 10: NAS-ExecuJet, a partnership between ExecuJet Middle East and National Air Services (NAS Holding), is expanding its FBO services in the Kingdom of Saudi Arabia with the opening of an additional FBO facility in the Royal Terminal at King Khalid International Airport, Riyadh, on 10 February 2016.
The FBO expansion at the Royal Terminal, utilised by royalty, government dignitaries and VVIPs, is in addition to the existing FBO services provided in the airport’s Private Aviation Terminal. To facilitate this expansion, NAS-ExecuJet has acquired a full set of ground support equipment to the value of600,000 USD and will increase its highly trained team from 25 to 34.
Nader Al Hakim, Acting FBO Manager, NAS-ExecuJet, says: “This is an exciting development for NAS-ExecuJet and is in keeping with our plans for growth in the Kingdom. We will now be able to support significantly more flight movements at the Royal Terminal each year and look forward to welcoming our existing customers, as well as new customers, to the enhanced facility.”
Gama Aviation have received approval for a 350,000 sq ft expansion project at Sharjah/SHJ in the UAE, following the addition of ramp space in Q3 2015 to accommodate more large-cabin business aircraft. The project was greenlighted this week by Sheikh Sultan III bin Muhammad Al-Qasimi, ruler of Sharjah, is designed to meet the needs of the Middle East business aviation market which is projected to grow by 7% annually over the next decade.
The project will entail 108,000 sq ft in new facilities including two hangars, office space and an FBO terminal complete with a security area as well as passenger & pilot lounges. It will also provide 226,000 sq ft aircraft parking space.
Construction will start later this year and is expected to be completed in the Q3 or Q4 of 2017. Gama currently provides FBO & MRO services at Sharjah. Globally, the company offers engineering design, aircraft management & charter operations.
|FEB17: Woodgate Aviation is joining the Avfuel network operating out of its new hangar and office complex at Belfast International Airport. Ahead of its official opening, the hangar is already functioning at capacity, accommodating a variety of aircraft and carrying out maintenance work.|
“Our hangar will allow us to welcome more customers and our partnership with Avfuel will help us to support their needs,” said David Shaw, general manager of Woodgate Aviation. “We’re eager to handle the increase in traffic with exceptional service.”
The new, 33,000 square foot hangar is an environmentally friendly, energy-efficient facility, featuring long hangar doors, which operate on hydraulics. The new hangar is complete with office and reception areas, totaling a £2 million private investment that advances Belfast International Airport’s wider vision of development.