Global airport deals and developments: what we've learnt at GAD World 2019
This year, GAD World brought together 400+ key stakeholders in airport development to talk about the hottest trends and opportunities in this sector. We sat down with some of the thought leaders to explore some of the most pressing questions in this industry. What's the true value of public private partnerships and concessions? Is the appetite for PPPs growing in the US? How do you cope with exponential growth while continuously developing? What's the ideal relationship between airport operators, investors, and governments?
What value does JFK see in PPPs?
There is only a small percentage of airports in the US with public-private partnerships. JFK is one of these airports, and Eric Richards, Partner at O'Melveny & Myers, and Amit Rikhy, President & CEO at CAG Holdings, explore the value of PPPs for JFK. Furthermore, they bring the latest news from the US on the attitudes towards PPPs, and explore the challenges that the US market needs to overcome.
GAIA, Barbados: How do you find the right partners?
Barbados is an exceptional destination, and it's only right that a visitor's first and last experience of Barbados, i.e. the Grantley Adams International Airport, is just as marvelous as the island itself! Joining us at GAD World 2019 to explore GAIA's journey and future are:
- Michelle Ottey, Head of Advisory Services in Public Private Partnerships for the Caribbean, IFC
- Kerrie Symmonds, Minister of Tourism and Transport, Government of Barbados
- Terry Layne, CEO, Grantley Adams International Airport.
Bangalore Airport: with great developments comes great financial planning
At GAD World 2019, we caught up with Bangalore International Airport's Chief Strategy and Development Officer Satyaki Raghunath and Chief Financial Officer Bhaskar Rao to find out more about the challenges of exponential growth and continuous development in the financial planning of the airport.
Back to basics: Airport development for profitability
There are no "one size fits for all" solutions for airport development, but critical considerations do exist, according to Richard Connelly, Principal Consultant, York Aviation:
- market and demand,
- engaging with key users (e.g. airlines)
- designing in flexibility