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The UK government has decided to assess financial support for airports during covid-19 on a case-by-case basis, rather than providing a wholesale support package.
Airports in Australia have been hit hard by coronavirus, just as in almost every other country. How bad is the situation and what will Australian asset managers do to mitigate the impact?
The financial impact of coronavirus on infrastructure assets may yet prove to be much wider and deeper than during past stresses, Fitch Ratings' Seth Lehman says.
Transportation in china
S&P Global Ratings expects ‘substantial disruption’ to sector revenue in the first half of 2020 in mainland China and Hong Kong.
Flybe, whose fate was sealed in part due to the effects of coronavirus, carried about 90% of traffic at Southampton Airport, part-owned by MEIF 4.
Rejections of Bristol and Heathrow Airports’ expansion plans in the UK – alongside the impact of global health scares – cast a shadow on a popular infrastructure asset.
Competition watchdog finds airports made record profits in 2018-2019 and was critical of the current monitoring framework for a lack of effective oversight.
The local government rejected plans by Britain’s ninth busiest airport to grow its passenger limit from 10 million to 12 million on environmental grounds.
Airplane
The sale has attracted the ire of some public officials as the government gears up for the privatisation of Aéroports de Paris.
Monopoly ownership came under fire for perceived abuses of power, especially in Australia and the UK.
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