Abertis sells Belfast and Stockholm airports

Spanish infrastructure group Abertis on Monday said it has agreed to sell two European airports to American operator ADC & HAS Airports Worldwide for 284 million euros ($373 million).

The deal concerns the sale of the Belfast International Airport in Northern Ireland as well as Sweden's Stockholm Skavsta Airport.

It also includes the divestment of some assets held in the United States.

The agreement, which needs approval from regulatory authorities, was signed by TBI — an operator in which Abertis holds a 90 percent stake.

The other 10 percent is owned by Spanish airports operator AENA.

In March, Abertis announced the sale of its airport in Cardiff and in early June it said it was considering divesting its London Luton Airport.

Luton Airport is the only European airport now operated by Abertis.

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Spain’s AENA, world’s biggest airport operator, flies into the red

Spain's AENA, the world's biggest airport operator by passenger numbers, said Wednesday it plunged into the red last year as the coronavirus pandemic decimated the travel sector worldwide.

Spain's AENA, world's biggest airport operator, flies into the red
Photo: AFP

The company posted a net loss of nearly €127 million ($154 million) in 2020, its first since 2012. Analysts polled by Factset had forecast a loss of €205 million.

It handled 76 million passengers at the 46 airports which it manages in Spain last year, compared to over 275 million in 2019, the company said in a statement.

In addition to the airports it manages in Spain, AENA has direct and indirect shares in another 23 airports, including London Luton.

The rest are mainly in Latin America.

“There are no signs of a recovery in the short term due to the new wave of virus infections which is spreading in Europe and the different restrictions” on travel that have been put in place, the statement added.

AENA — which is 51 percent owned by the Spanish government — recorded revenues of €2.2 billion last year, a 50.2 percent drop compared to 2019.

The pandemic has pulverised Spain's key tourism industry with international arrivals dropping to 19 million in 2020, down from nearly 84 million the previous year.

The 77.3 percent decrease snapped a seven-year trend of annual records and ended a decade-long run of yearly increases.