2. 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 ?

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

4. 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)

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

6. 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

7. Frankfurt airport
Nonstop routes from Frankfurt.

8. 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

9. 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

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

11. 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

12. 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