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Pandemic delays returns on privatization of Hokkaido airports Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
With the COVID-19 pandemic having nearly annihilated air passenger demand, Hakodate Airport has been forced to change its investment plan. | HOKKAIDO SHIMBUN
Hokkaido Shimbun Mar 5, 2021
With the COVID-19 pandemic having nearly annihilated air passenger demand, it’s now almost certain that an investment blueprint for Hakodate Airport, including renovating its international flight terminal building, will be derailed.
In January 2020, the operation of all runways and other facilities at seven airports in Hokkaido was handed to Hokkaido Airports Co. to be run as a single entity.
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2020 was a year in which the development of many (although not all) airports came to a sudden stop, with capex being replaced in the pecking order by opex in most cases – and in many, simply by survival measures.
Along with that everlasting hiatus came a cull of airport investment and privatisation activities, again with a few notable exceptions, mainly in countries where multiple concession procedures were already well advanced.
Over two parts this report details the few deals which were done in 2020, some that were abandoned or suspended, and those airports which have emerged – or may emerge – as future investment opportunities, assuming that the much-desired ‘post COVID recovery period’ actually takes place this year.