After a relatively quiet year for major airport transactions, during which the long-awaited privatisation of Chicago Midway finally progressed, Prague and London Gatwick are among two of the high profile airport sales on the agenda.
The Czech government is finalising privatisation plans for Prague, while Spain’s Ferrovial, amid a preliminary negative decision by UK competition authorities, has announced it is to sell Gatwick.
But the impact of the economic downturn and financial crisis on the desire, need or ability to sell airports within this environment could vary with each case.
“Those states or vendors who can afford to will postpone planned privatisations or airport sales to a later point in time in order to obtain the maximum conceivable prices,” suggests chief executive at Germany’s Hochtief AirPort Reinhard Kalenda. “In a few cases, though – precisely because of the financial crisis – some states will be in need of private investment to enable them to expand

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