Airports

Shareholders sell Budapest Airport to a consortium consisting of Corvinus Zrt. and Vinci Airports

image credit: Budapest Airport

AviAlliance and the co-shareholders of Budapest Airport Zrt. agreed to sell the airport to a consortium consisting of the Hungarian state-owned Corvinus Zrt. and the French co-investor Vinci Airports.

As all terms of the agreement have already been met, the transaction was completed.

Gerhard Schroeder, Managing Director of AviAlliance, says: “Since our initial investment in 2007, Budapest Airport has grown significantly.

“Together with our co-shareholders, we have invested a total of more than 700 million EUR in the expansion and development of the airport.

“Thanks to this and to the dedication of its excellent management team and employees, the airport has been internationally recognized for its high-quality passenger service.

“We are convinced that our investments and development plans provide a solid foundation for continued success under the new ownership.”

Budapest Airport experienced substantial growth in passenger traffic under the ownership of AviAlliance and its co-shareholders GIC and CDPQ, nearly doubling the passenger total from 8.4 million in 2008 to 16.2 million in 2019.

In 2023, with 14.7 million passengers, Budapest Airport reached 91 percent of its pre-pandemic level, above the European average, and set a new air cargo record with a total of over 200,000 tons.

 

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