The Budapest airport is again under national majority ownership
Minister of National Economy Márton Nagy and Nicolas Notebaert, president of Vinci Airports, presented the future objectives and business plan of Budapest Airport at a joint press conference. Through the recently concluded transaction, Budapest Airport returned to national majority ownership after 20 years.
The purchase price of the airport was EUR 3.1 billion, to which was added the extension of the EUR 1.44 billion loan taken out by the previous owner. The Hungarian state paid 80 percent of the purchase price, i.e. 2.48 billion euros, while Vinci undertook 20 percent, i.e. 620 million euros. The sale was made entirely on a market basis, and the purchase price complies with market standards.
Development plans and objectives
Márton Nagy said that the Hungarian state will not operate the airport, as it does not have the necessary expertise, so Vinci will perform the task. The airport’s development goals include 15 million passengers this year, 20 million by 2030, and 25 million by 2040. The developments are carried out by Vinci, but the strategic goals are defined together with the Hungarian state.
Related news
Research: There is a huge gap between tourists’ environmental awareness and their actual travel habits
Although more and more tourists consider themselves environmentally conscious, this…
Read more >National strike could paralyze Ryanair flights to Spain
The strike announced by the Spanish General Workers’ Union (UGT)…
Read more >Lake Balaton vs. Croatian coast: where is it better to work in the summer of 2025?
While most seasonal jobs in Lake Balaton offer a net…
Read more >Related news
The Chamber launches free training for budding entrepreneurs
The Hungarian Chamber of Commerce and Industry (MKIK), in collaboration…
Read more >Lidl Switzerland Sees ‘Record’ Growth In Cheese Exports In 2024
Lidl Switzerland saw record cheese export growth in 2024, marking…
Read more >Non-alc beer brand Heaps Normal gets Robbie Williams backing
The brand’s “core range” is being rolled out across “select…
Read more >