Bucharest Airports Company Too Kick Off In May

F.A.
Ziarul BURSA #English Section / 13 aprilie 2007

The Bucharest Airports Company SA will become operational in May and will manage Bucharest"s two airports, Otopeni and Baneasa, to optimize business and better implement investment plans. The merger will not lead to an increase in airport fees. At the moment, the State, represented by the Ministry of Transportation, holds 80% in each of the two airports, whereas Property Fund has the rest. Romania"s recent accession to the European Union is likely to generate a 30% increase in passenger traffic. Otopeni Airport reported 2.6 million passengers in 2004, 3 million in 2005 and 3.5 million in 2006. The estimate for this year is 4.5 million passengers. In turn, Baneasa Airport estimates for this year a 30% increase in traffic from last year"s 700,000 passengers.

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