VINCI Airports acquires the Dominican AERODOM company, which operates six airports in the Dominican Republic
14 December 2015 - 8:30 am - Acquisitions - Dominikanische Republik
- Concession and operation of six airports in the Dominican Republic, including those in Santo Domingo and Puerto Plata
- Total traffic: 4.3 million passengers in 2014
- Concession contract valid until March 2030
VINCI Airports, the VINCI Group’s airport subsidiary, today signed an agreement with the Advent International private equity firm to acquire Aeropuertos Dominicanos Siglo XXI, SA (AERODOM). The Dominican company has a concession contract with the Dominican Government and the Airport Commission to operate six airports in the Dominican Republic, valid until March 2030. The transaction and the transfer of operations are to take place by the end of the first quarter of 2016.
AERODOM operates six of the nine airports in the Dominical Republic:
- Las Américas International Airport is one of the island’s largest, serving Santo Domingo, the country’s capital, since 1959. Total traffic amounted to 3.3 million passengers in 2014;
- Gregorio Luperón in Puerto Plata is the gateway to the island’s second largest tourist destination, with 787,000 passengers in 2014;
- Presidente Juan Bosch and Arroyo Barril in Samaná, La Isabela in Santo Domingo and María Montez in Barahona together served a total of 247,000 passengers in 2014.
Overall, the AERODOM airports handled 4.3 million passengers in 2014, 98% of them international.
With an average annual growth rate of 5% over the past 10 years, the Dominican Republic features an attractive economy and forms a dynamic region. The country notably benefits from North American growth and the local authorities’ ambitious tourism expansion policy.
The new acquisition will bring the number of airports operated by VINCI Airports to 33, including two Kansai airports in Japan, for which VINCI Airports, in partnership with Orix, signed a preliminary agreement last November. It also illustrates the VINCI Group’s strategy of expansion in countries with strong growth potential
About VINCI Airports
VINCI Airports, an emerging leader in the international airport sector, manages the development and operations of 25 airports: 11 in France, 10 in Portugal (including the hub of Lisbon), 3 in Cambodia and one in Chile (since October 1st). Served by over 100 airlines, VINCI Airports’ network handles 47 million passengers annually in 2014, with a turnover of € 717 million1. Through its expertise as a comprehensive integrator and the professionalism of its 5,400 employees, VINCI Airports develops, finances, builds and operates airports, leveraging its investment capability, international network and know-how to optimize management of existing airport infrastructure, facility extensions and new construction. Last November 10th, VINCI Airports, in consortium with the Japanese company ORIX, was selected by the New Kansai International Airport Company (NKIAC) as preferred Negotiation Right Holder for the 44-year Concession for Kansai International Airport and Osaka International Airport.
1 2014 data non including Santiago de Chile Airport
VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 people in nearly 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.