I think this is the best news Luton could hope for. The price will be between 400 and 490million euros. Aera will hold 51% while Axa's private equity will hold 49%. A lot of money for an airport they will never own.
Luton is the first non-Spanish airport that Aena will take control of. Aera handles almost 200m passengers a year across nearly 50 airports in Spain and had revenue of over €2.6bn.
According to the FT Aena plans to nearly double capacity at Luton, which in 2012 stood at above 9m passengers, to about 18m a year. It believes that more can be done to make the journey to central London quicker and smoother, and to boost the airport’s image.
Luton is also attractive to Aena because during high season its flights connect to 14 Spanish airports run by the operator. I wonder if they would offer Spanish airport discounts for airlines that use Luton???
Last edited by LTNman; 29th Jul 2013 at 21:39.