VINCI Airports finalises the acquisition of the two Kansai airports in Japan and enters the world’s top five airports operators.
1 April 2016 - 8:30 am - Acquisitions
On 1 April 2016, VINCI Airports will take over operation of the two Kansai’s region airports in Japan for a period of 44 years. This new acquisition is a major milestone in VINCI Airports’ international expansion. Operating on three continents and managing more than 100 million passengers per year, VINCI Airports is now one of the world’s five leading airport operators.
The Kansai airports: annual traffic amounting to 38 million passengers in 2015
Under the concession contract signed on 15 December 2015, Kansai Airports company assumes responsibility for operating Kansai International and Osaka Itami airports as of Friday, 1 April 2016.
Kansai Airports’ shareholders are VINCI Airports (40%) and the Japanese ORIX Corporation (40%). Some 30 companies in the Kansai region will round out the group of shareholders (20%).
Opened in 1994, Kansai International Airport, located on an artificial island in Osaka Bay, handles annual traffic of 23.2 million passengers. Osaka Itami Airport, opened in 1939, is the main domestic airport for the City of Osaka, serving 14.5 million passengers annually.
The new concession company aims to make the most of the growth potential of the two airports, at which traffic increased by 11.4% in 2015. This growth is notably driven by the expansion of Japan’s tourist industry and the development of low cost airlines. Kansai Airports will be able to build on VINCI Airports’ widely respected expertise and the ORIX Corporation’s strong roots in the Kansai region and expertise in financial services.
The financial closing for this concession totals about €2.1 billion (¥260 billion), of which €1.4 billion (¥180 billion) in bank debt and €640 million (¥80 billion) in equity provided by Kansai Airports’ shareholders.
About VINCI Airports
VINCI Airports, an emerging leader in the international airport sector, manages the development and operations of 34 airports: 12 in France, 10 in Portugal (including the hub of Lisbon), 3 in Cambodia, 2 in Japan, 6 in Dominican Republic and Santiago airport in Chile. Served by over 140 airlines, VINCI Airports’ network handles around 100 million passengers with a recorded revenue of € 820 million1. Through its expertise as a comprehensive integrator and the professionalism of its 8,500 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. www.vinci-airports.com
1 2015 data (excluding Chile, Japan and the Dominican Republic)
VINCI is a global player in concessions and contracting, employing close to 211,000 people in some 100 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, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible 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. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.