Memo to UK’s new air strategists: let numbers talk 5 Sep 2012 After years of make-do-and-mend, the UK is once again arguing about London’s airport capacity, and possible expansion at Heathrow. Most people seem most keen to rubbish plans they dislike. The right approach is more positive. Analyse all ideas robustly: then make a decision.
Dubai’s flying shoppers could ease its debt burden 6 Mar 2012 The emirate wants to borrow at least $500 million against its giant airport retailer’s future revenue. Rising passenger numbers and expanding retail space seem immune to Dubai’s debt hangover. And securitisation looks increasingly attractive as Western banks withdraw.
New London air hub plan needs public money to fly 1 Dec 2011 Heathrow is a jam-packed embarrassment for those who promote London as a global financial centre. A brand new four-runway hub in the Thames estuary is appealing but expensive. Even using rosy forecasts, it is hard to see an all-private enterprise earning a decent return.
Interest in Spanish airports sale is deceptive 9 Sep 2011 The $7.5 bln privatisation of Madrid and Barcelona airports has attracted considerable attention. Six groups are lining up to bid for each. But the timetable is tight, the concessions short, and the prices steep. An auction will struggle to get off the ground.