The crisis 1992 Single Market 1998 Single Currency

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Presentation transcript:

The crisis 1992 Single Market 1998 Single Currency 2008  No bailout clause [Treaty of Lisbon] 2008 Subprime Loans  L.Brothers 2010Debt crisis 2012 PSI ….. OSI ?

fiscal government relief market attractiveness airports like size airport congestion competition (between airports) Competition (between airlines) & dominant airlines influence

Greater London City (LCY) Heathrow (LHR) Gatwick (LGW) Luton (LTN) London Biggin Hill Airportmap7, in the London Borough of Bromley Blackbushe Airportmap8, in Hampshire Damyns Hall Aerodromemap9, in the London Borough of Havering Denham Aerodromemap10, in Buckinghamshire Elstree Airfieldmap11, in Hertfordshire Fairoaks Airportmap12, in Surrey Farnborough Airportmap13, in Hampshire London Heliportmap14, in the London Borough of Wandsworth Lydd Airport (London Ashford Airport)map15, in Kent North Weald Airfieldmap16, in Essex London Oxford Airportmap17, in Oxfordshire Panshanger Aerodromemap18, in Hertfordshire Redhill Aerodromemap19, in Surrey Rochester Airportmap20, in Kent Stapleford Aerodromemap21, in Essex White Waltham Airfieldmap22, in Berkshire Wycombe Air Parkmap23, in Buckinghamshire Greater London City (LCY) Heathrow (LHR) Gatwick (LGW) Luton (LTN) Stansted (STN) Southend (SEN)

Madrid Madrid Barajas International Airport(MAD) Cuatro Vientos Airport (LECU) Torrejón de Ardoz Airport (TOJ)

Frankfurt Airport/Flughafen Frankfurt am Main The Frankfurt Rhein-Main Airport and Airship Base, 8 July 1936 Closure of the Rhein-Main Air Base  2005 US military FRAport new passenger terminal. The Airbus A380 and The Squaire

Frankfurt airport Nonstop routes from Frankfurt.

Fraport in Greece 14 regional airports in Greece Aktio, Chania (Crete), Kavala, Kefalonia, Kerkyra (Corfu), Kos, Mitilini, Mykonos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki, Zakynthos 19,3 million people (2014) purchase price of €1,23 billion

Types of Management Owner Management State Private Sector Contractual PPPs /Institutional PPPs – State + Private Sector Institutional PPPs – State+Private Sector Private sector Contractual PPPs Mix

Contractual PPPs Asset Sales Concessions Management contracts BOT-contracts Management contracts Asset Sales joint development

Contractual PPPs Institutional PPPs Only Manchester run under state management Perform better than UK due to greater degree of vertical integration Semi-state Companies run the airports Many airports remain under direct state control (!) Long-term concession

The case of Greece MoU 14 Regional Airports Tourism 1/10 of the GDP Poor Performance of completion committee / Who will regulate the Market Market stagnation due to prolong Austerity <-> Private sector look after profits (Compatibility ?) Geopolitical Risk The future of Eurozone