The airport industry briefing

The latest news, views and numbers you need to know this month

News in Numbers

22%

$40m

$4bn

€19.2m

$17.4bn

€2.55bn

15

Projects

PVG initiates fourth phase of expansion project

Shanghai Pudong International Airport (PVG) in China has unveiled the fourth phase of its expansion project, which aims to bolster connectivity in the Yangtze River Delta  area and fulfil the development requirements of Shanghai-based carriers.

The airport organised a ground-breaking ceremony for the implementation of 82 major projects in the Pudong New Area in Shanghai, marking the latest expansion phase of PVG.

In total, these projects have been estimated to cost $49.8bn.

JFK to start work on new $9.5bn terminal in 2022

New York’s John F Kennedy International Airport (JFK) Airport is set to break ground on its new $9.5bn international terminal project next year after facing a delay due to the pandemic.

In this context, the Port Authority of New York and New Jersey signed a revised agreement with The New Terminal One (NTO), a consortium of financial sponsors.

NTO is a private consortium, including Carlyle, JLC Infrastructure and Ullico.

The entire construction cost of the new 2.4 million-square-foot terminal will be privately funded by the NTO consortium.

SAN begins work on $3.4bn terminal project

San Diego County Regional Airport Authority, which owns and operates San Diego International Airport (SAN), has broken ground on the $3.4bn New Terminal 1 (New T1) project at the airport.

This project will replace the old Terminal 1, upgrade the airfield, enhance road connectivity to the airport.

Additionally, it includes the construction of a new facility for the Airport Authority administration.

Terminals and roadways, airside improvements and a new administration building are the three components of New T1.

New PNQ terminal to be completed by August 2022

Airports Authority of India has announced that the construction work for the new integrated terminal building at Pune International Airport is scheduled to be finished by August 2022.

The total project is valued at around $65.07m (Rs4.75bn), with 60% of the work already concluded.

Quotes

Commenting on the Prime Minister’s announcement on travel restrictions, AOA Chief Executive Karen Dee said:

“Removing all the temporary travel restrictions is a welcome recognition that they no longer serve a purpose, now omicron is well-established in the UK. 

“Despite the removal of the temporary measures, airports continue to face a difficult period. 

"There continue to be countries who have imposed restrictions on UK arrivals and consumer confidence has been knocked during the crucial Christmas booking period.

"The UK and devolved governments should set out how they will support aviation towards a sustainable recovery to ensure the UK has the connectivity and the airports necessary for our economic recovery.”

Willie Walsh, IATA’s director general, comments on the Announcement of New EU Slot Use Rules for Summer 2022:

"We hope that as soon as possible, governments restore travel rules that allow for the industry to return to growth again.

"Until demand growth stabilises, it is essential slot rules are restored gradually and continue to maintain provisions for reasonable exceptions when conditions change, such as a rapid clamp down on travel with the emergence of a new variant like Omicron. Only with sustainable and predictable global travel rules can connectivity recover and remove the need for slot alleviation.

"The airport slots system has been the backbone of building global air connectivity which before Covid-19 was serving 4.5 billion passengers across a route network that over 20 years had doubled while fares had halved in price. This success can be rebuilt if regulators treat the system with care."

Go to article: Home | New year, new regulationsGo to article: In this issueGo to article: ContentsGo to article: Air Traffic Solutions Company InsightGo to article: Air Traffic SolutionsGo to article: BriefingGo to article: Industry newsGo to article: Airport industry briefingGo to article: Covid-19 executive briefing by GlobalDataGo to article: CommentGo to article: Wizz Air is closing in on becoming a low-cost market leaderGo to article: Subscriptions could be the new trend in travelGo to article: UK traveller confidence could fall as new travel restrictions are introducedGo to article: In DepthGo to article: Inside the EU’s new travel and authorisation schemeGo to article: Airports go blue: ultraviolet cleaning systemsGo to article: Wildlife Sentinel app aims to combat wildlife smugglingGo to article: 2022 predictions: airport trendsGo to article: 2022 predictions: airline trendsGo to article: In DataGo to article: Asia-Pacific is seeing a hiring boom in airport industry cybersecurity rolesGo to article: Filings buzz in the airport industry: increase in robotics mentionsGo to article: Global markets and indicesGo to article: Macro-economic indicatorsGo to article: Macro-economic indicators (page 2)Go to article: EventsGo to article: Next issue