The Public Works Ministry has approved a plan to optimise the value of 2000 hectares of land around Aena’s airports. The sale of these lands should provide substantial capital gains and/or rental revenues in a favourable real estate cycle.
Aena has said that the airlines have increased their seating capacity in planes heading for Spanish airports this summer to 204,7 million, a rise of 8.7% from a year ago.
They say that governing is all about choosing (between what is bad and what is worse) and this government is once again facing a difficult decision: whether to lower AENA’s airport tariffs, thus benefiting Spain’s tourism industry which generates the most jobs, or do their own thing and make money. I say this because, obviously, the best way of making money is not to lower the tariffs AENA charges the airlines.
Up to what point is the lack of a government affecting Spain and its government? Spain’s Stock Market Regulator (the CNMV) now has no visible head. And the number of public sector jobs cannot be increased, nor AENA’s air fares. But perhaps this is due to other reasons which could have equally existed in a normal political situation.
BARCLAYS | Spanish airport operator AENA, the world’s largest by number of passengers, has reported a strong end to 2015 driven by a combination of strong passenger growth, tight control of opex and lower-than-expected financing charges. Aena’s IPO in 2015 was Spain’s biggest since the financial crisis.
MADRID | Sean Duffy | The sale of 49% of Spanish airport group will be in focus from 12 onwards today.
MADRID | Sean Duffy | Third time may be a charm for Spanish group as IPO belatedly goes ahead on Wednesday.
MADRID | The Corner | In the second largest IPO in Spanish history, airports operator Aena is due to start trading on Wednesday in Madrid at a price of €58 a share, which values the group´s equity at €8.7bn.