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Transport Ministry privatizes Bucharest airports and Constanta Sea Ports by listing on stock market
The Transport Ministry suggests that the “Bucharest Airports”National Company and “Sea Ports Administration”National Company should be listed on the stock market with initial primary offers for the sale of packages of shares of 20-25% of the social capital of the companies.
According to the draft Government Decision for the approval of income and expense budget of the Transport Ministry for privatization in 2016, launched for public debate, the privatization strategy must be modified following the October 4 Memorandum published by the Executive which provided an increase of social capital for the two companies by the issue of new shares representing 20-25% of the social capital of each company and their sale at Bucharest Stock Exchange (BVB).
The Government decision stipulates the completion of privatization for several companies from the portfolio of the Transport Ministry in 2017 and 2018.
“Bucharest Airports”National Company (CNAB) started its activity on February 5, 2010 and ensures operational coordination and management of the two airports in Bucharest - Henri Coanda International Airport and Aurel Vlaicu International Airport. CNAB was set up by the merger of companies that managed the two airports.
Henri Coanda and Aurel Vlaicu airports were included in the European top 5 of airports with the highest air traffic increase in August 2016 by Airports Council International- Europe, CNAB informed in October 2016.
For the airport category with 5-10 million passengers per year, Henri Coanda, which had a 17% air traffic increase, ranked 4th, after Schoenefeld Berlin, Larnaca (Cyprus) and Teherife airports and followed by Faro (Portugal) airport. Baneasa Airport also ranked 4th for the under 5 million passenger category, where in top 5 we find Oradea, Palanga (Lithuania), Harkov (Ukraine), Baneasa airports (with an increase of air traffic by 41%) and Keflavik (Iceland).
CNAB recorded, in the first 8 months of 2016, on the two airports, air traffic of 7,141,740 passengers and 79,660 landings and take-offs. Henri Coanda registered 7,138,426 passengers and 71,236 aircraft movement.
The number of passengers who transited Bucharest airports over January-August 2016 grew by 16.5% compared to the same period of 2015, setting up premises for reaching 10 million passengers in 2016.
Moreover, the evolution of the number of passengers on the two Bucharest airports significantly overpasses the general European tendency of 2%. The number of aircraft movements also grew, exceeding the European trend of 2.4%. In the first 8 months of the year, aircraft movements on Bucharest airports grew by 10.3% compared to 2015