CAPA - Centre for Aviation (CAPA), one of the world’s most trusted sources of market intelligence for the aviation and travel industry, releases a new research report revealing potential airport merger and acquisition opportunities for the second half of 2021 and beyond.
Researched and produced by leading CAPA Analysts and backed by industry data, the report lists airports and airport groups that could be attractive to investors and identifies other airports that may be a target for mergers or acquisitions. The report features a case study on the move from Hungarian government to enact a sort of partial reverse privatisation by acquiring the equity of the majority shareholder, AviAlliance, in Budapest Ferenc Liszt International Airport. Finally, the report concludes with pinpointing the operators and investors to watch, based partly on their participation in the sector already and partly on their level of activity before the pandemic.
CAPA – Centre for Aviation Managing Director, Derek Sadubin said: “Airport transactions for the most part have ground to a halt as the pandemic bites. But as we begin to see some light at the end of the tunnel, opportunities across the sector are beginning to re-emerge. This new CAPA report supports investors, financers, government and infrastructure planning departments to look beyond just the next few weeks or months ahead and take the first step towards identifying real opportunities for the future.”
The impacts of the global pandemic have meant the last 18 months have been the quietest for airport merger and acquisition transactions since the early 1990s. While some that were already in the works did continue, for example in Brazil and Japan, new opportunities for investors have been very hard to find.
Investors with a penchant for airports couldn’t be blamed for walking away from a business where the ultimate customer base – the passenger – collapsed by up to 99% along with most of the auxiliary revenue streams. Nevertheless, after a lengthy period with little activity