Arab Today, arab today spain to ditch airport sale plan
Last Updated : GMT 20:49:29
Arab Today, arab today
Arab Today, arab today

Spain to ditch airport sale plan

Arab Today, arab today

Arab Today, arab today Spain to ditch airport sale plan

Madrid - AFP

Spain will ditch a plan to privatise airports and come up with a new management model, the new Transport Minister Ana Pastor said Monday. \"Current market conditions are clearly unfavourable,\" Pastor noted during a press conference in Madrid. Given gloomy economic conditions, especially in Europe, there was little chance of attracting a large number of bids for the airports, the transport minister acknowledged. That would in turn cut the chances of getting strong offers. The previous Spanish government sought last year to sell 90.05 percent of the shares in airports in Madrid and Barcelona, aiming to raise 5.3 billion euros ($6.9 billion). The mooted plan also included the sale of a 49 percent stake in the airport management group Aena, but was abandoned as legislative elections approached on November 20. Groups that had expressed interest in the sale included the Spanish company Ferrovial, which owns the British airport operator BAA, in addition to European rivals Aeroports de Paris (ADP) and Frankfurt-based Fraport. Meanwhile, Pastor announced the launch of a \"new model of airport management\" that sought to transform Aena into a \"world leader in the airport and aerial navigation sector.\" That plan allowed for future inclusion of private investors, she said, without providing details. Spain\'s new centre-right government has already unveiled spending cuts of 8.9 billion euros and tax increases to bring in 6.3 billion euros, to reduce a swollen public deficit and ensure the country does not get dragged into the debt crisis mire that has already forced Greece, Ireland and Portugal to seek financial bailouts. The transport ministry\'s 2012 budget has been cut by 15 percent to 1.6 billion euros.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain to ditch airport sale plan Arab Today, arab today spain to ditch airport sale plan

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain to ditch airport sale plan Arab Today, arab today spain to ditch airport sale plan

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday