The Centre for Aviation (CAPA) has released a new research report revealing potential airport merger and acquisition opportunities for the second half of 2021 and beyond.
Researched and produced by leading CAPA analysts and backed by industry data, the report highlights airports and airport groups that could be attractive to investors. It also identifies other airports that may be a target for mergers or acquisitions.
“Airport transactions for the most part have ground to a halt as the pandemic bites,” said CAPA’s Managing Director, Derek Sadubin. “But as we begin to see some light at the end of the tunnel, opportunities across the sector are beginning to re-emerge. This new CAPA report supports investors, financers, government and infrastructure planning departments to look beyond just the next few weeks or months ahead and take the first step towards identifying real opportunities for the future.”
The report concludes by pinpointing the operators and investors to watch, based partly on their participation in the sector already and partly on their level of activity before the pandemic.
The impacts of the global pandemic have meant the last 18 months have been the quietest for airport merger and acquisition transactions since the early 19902. While some that were already in the works did proceed, for example in Brazil and Japan, new investment opportunities have been hard to locate.
And while, CAPA acknowledges that investors with a penchant for airports couldn’t be blamed for walking away from a business where the passenger – the ultimate customer base – collapsed by up to 99% along with most of the auxiliary revenue streams. Nonetheless it says, after a lengthy period with little activity in the airport sector, prospects look bright and a few key bids may pave the way for more to come.
