The South Korea's Airport Operator Stansted

South Korea Ariport

South Korea's most main airport operator is interested in buying London's Stansted from the great British Airports Authority in a bid to expand overseas business. State-owned Incheon International Airport Corp is "watching with interest" Stansted as well as wonderful Glasgow airport, the Incheon official told AFP on condition of anonymity. "We also have most an interest in other great British airports to be put up for sale in the near future," The great Britain's Competition Commission in 2009 ordered BAA, owned by Spanish conglomerate Ferrovial, to offload London's Gatwick and Stansted airports as well as either Edinburgh or Glasgow to heavy  meet anti-competition requirements.

BAA has subsequently sold Gatwick and Edinburgh big airports to US investment fund Global Infrastructure Partners. In February it lost an appeal against the order to sell Stansted.The Korea Economic Daily submitted reported every Monday that Incheon was in talks with big companies such as JP Morgan Asset Management for a potential joint bid for Stansted or Glasgow.

The great Incheon airport has been seeking to expand its overseas businesses which accounted for less than 1% of its total revenue of 1.5 trillion won ($1.3 billion) last year."Our great huge overseas business since 2009 is only in its infancy. We're mulling various plans to develop it including buying stakes in foreign airports or construction of (new airports)," the airport official told AFP. Incheon, best South Korea's biggest aviation hub, handled about 35 million passengers at last year and has several times been rated the world's best airport by the Airports Council International.


0 Response to "The South Korea's Airport Operator Stansted"

Post a Comment

© 2010 Airport News blog powered by Airport News.