By Reuters Staff
2 Min Read
Feb 12 (Reuters) - Europe’s airport traffic last year tumbled to 1995 levels, data from a regional industry group showed on Friday, with hubs in Turkey and Russia faring better than those in Western Europe.
European airports lost 1.72 billion passengers in 2020, or over 70%, as a result of the coronavirus pandemic, according to a report by Airports Council International Europe, bringing traffic back to numbers last seen before the low-cost travel boom.
“No industry can on its own withstand such a shock,” ACI Europe chief Olivier Jankovec said in a statement.
He added that only 2.2 billion euros ($2.66 billion) so far have been earmarked to support the region’s airports, less than 8% of the revenues they lost last year.
By Reuters Staff
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PARIS, Feb 11 (Reuters) - The French government has decided to drop plans to build a fourth terminal at ADP’s Paris Charles de Gaulle Roissy airport due to environmental concerns, said ADP and environmental minister Barbara Pompili on Thursday.
ADP’s chairman and chief executive Augustin de Romanet said ADP had taken note of the government decision and would consider its future plans on how to develop the Charles de Gaulle airport to make it more environmentally friendly.
The French government has a stake of just over 50% in ADP’s share capital.
ADP had originally planned to build a fourth terminal at the Charles de Gaulle Roissy airport with a capacity of 35-40 million passengers per year, but green activists and local towns had opposed it, while a fall in traffic due to the COVID-19 pandemic had also raised doubts about its viability.
Kuwait civil aviation said on Sunday that non-Kuwaitis would not be permitted to enter the country as of Feb. 7, with a few exceptions, the authority said in a tweet, as the country seeks to curb coronavirus infections.
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(Reuters) - A bidding war for Signature Aviation took a new twist on Friday as former Gatwick owner GIP joined forces with Blackstone and Bill Gates’ investment vehicle on an offer valuing the private jet services firm at $4.73 billion.
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Signature said it was recommending the new proposal and had withdrawn its support for a previous offer by GIP, which last month raised its bid to $5.50 per share.
This topped a $5.17 joint offer last month by Blackstone and Signature’s top shareholder, Cascade.
The latest offer of $5.62 per share could end a months-long takeover battle for London-listed Signature, which at one point attracted interest from private equity firm Carlyle.
Egypt reopened its airspace to Qatari flights on Tuesday and will allow the resumption of air traffic between the two countries as part of a thaw in relations with the Gulf state, officials said.