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Global Investment in Aviation Summit to reshape aviation investment landscape

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The UAE General Civil Aviation Authority (GCAA) is holding the Global Investment in Aviation Summit on 28-29 January 2019 at the Intercontinental Dubai Festival City. GCAA will host more than 600 investors, speakers, and delegates along with a number of high-level officials and aviation professionals from more than 50 countries during the two-day global event.

HE Saif Mohammed Al Suwaidi, Director General, GCAA, said, “The broad international participation in this Summit reflects the importance of the aviation industry, which has become one of the most attractive sectors for investors seeking safe haven for their investment. The current stability of the aviation sector is attributed to the openness of different markets and the increasing demand for air services such as travel, air cargo, aircraft maintenance, information technology in air traffic, aircraft supply, aircraft engineering, manufacturing, and supply.”


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Al Suwaidi added, “Dubai has strengthened its position in various economic sectors. It has become an ideal destination for multinational companies, businessmen and investors, because of the diverse investment opportunities within a leading business environment. The emirate offers this to meet the needs of and to support various economic sectors.”

The launch of GIAS comes at a time when the volume of investment to modernize global aviation is projected to reach $1.8tn by 2030. Growing investments in different continents and regions are strong indicators that the investment trend is leaning toward more promising and bigger opportunities especially in Africa, Asia and the Middle East. Among the major cities investing for their aviation modernization and development are Jeddah ($7.2bn), Kuwait ($4.3bn), Argentina ($803m), South Africa ($632m), Egypt ($436m), Kenya ($306m), Nigeria ($300m), Uganda ($200m), and Seychelles ($150m).

The Summit aims to reshape the investment landscape of the aviation sector towards a qualitative and distinct level as would be witnessed by the large participation of aviation ministers, heads of aviation authorities, and major aviation companies. Participants will also witness the launch of the largest business incubator in the aviation industry to review during the Summit completed projects and those which are under development.

The summit also includes a preliminary program that is held on the day prior to the summit that includes masterclasses as well as workshops in aircraft and airport project financing.

Global Investment in Aviation Summit will witness the largest attendance and participation of the heads of aviation companies, decision-makers, economic experts, and government officials to review investment prospects in the UAE aviation sector, the whole of the Middle East and across the world.

New passenger record achieved at FRA

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FRAPORTFRAPORT

Frankfurt Airport (FRA) served more than 69.5 million passengers in 2018, thus posting a new record high in the airport’s history.

Compared to 2017, traffic at Germany’s largest airport grew by some 5 million passengers or 7.8 percent. This strong growth resulted from the launch of more routes to new destinations from FRA and from airlines increasing flight frequencies.

Commenting on the 2018 traffic figures, Fraport AG’s executive board chairman Stefan Schulte said: “The previous year has proved once again that there continues to be great demand for flying. In Frankfurt, we have achieved the highest absolute passenger growth in our history. This underscores Frankfurt Airport’s position as one of Europe’s leading aviation hubs. At the same time, the extraordinary growth in air traffic overall has caused major challenges for us and the entire aviation sector. Together with our partners, we are taking efforts to restore and enhance punctuality and reliability in air

traffic.”

In full-year 2018, aircraft movements at FRA rose by 7.7 percent to 512,115 takeoffs and landings in 2018. Accumulated maximum takeoff weights (MTOWs) also increased by 5.1 percent to some 31.6 million metric tons. Cargo throughput (airfreight + airmail) posted a slight 0.7 percent decline to about 2.2 million metric tons, reflecting growing uncertainties in global trade, particularly during the second half of the year.

In December 2018, more than 4.9 million passengers traveled via Frankfurt Airport – an increase of 7.8 percent compared to December 2017. Aircraft movements climbed by 9.0 percent to 38,324 takeoffs and landings, while accumulated MTOWs grew by 6.5 percent to about 2.4 million metric tons. Cargo throughput (airmail + airfreight) expanded by 1.9 percent to 183,674 metric tons in the reporting month.

Airports in Fraport’s international portfolio also reported noticeable growth in 2018. CEO Schulte commented: “In addition to Frankfurt, most of our Group airports worldwide also achieved new passenger records last year. We continue to invest in the airports of our international portfolio, thus ensuring their long-term development. To create additional capacity, we are currently carrying out major expansion projects at our Group airports, particularly in Greece, Brazil and Peru.”

In Slovenia, Ljubljana Airport (LJU) posted a 7.7 percent traffic increase to over 1.8 million passengers in 2018. Combined traffic at the two Brazilian airports of Fortaleza (FOR) and Porto Alegre (POA) rose by 7.0 percent to some 14.9 million passengers. Traffic at the 14 Greek regional airports advanced by 8.9 percent to a total of almost 29.9 million passengers. The three busiest gateways in Fraport’s Greek portfolio were Thessaloniki Airport (SKG) with some 6.7 million passengers (up 7.1 percent), Rhodes Airport (RHO) witharound 5.6 million passengers (up 5.0 percent), and Corfu Airport (CFU) where traffic soared by 15.3 percent to nearly 3.4 million passengers.

Lima Airport (LIM) in the capital of Peru welcomed more than 22.1 million passengers in 2018, representing an increase of 7.3 percent.

On the Bulgarian Black Sea coast, the Twin Star airports of Varna (VAR) and Burgas (BOJ) closed the year with combined traffic growth of 12.2 percent to about 5.6 million passengers. Antalya Airport (AYT) in Turkey saw traffic advance by 22.5 percent to almost 32.3 million passengers. Pulkovo Airport (LED) in St. Petersburg, Russia served more than 18.1 million passengers – an increase of 12.4 percent. Some 44.7 million passengers used Xi’an Airport (XIY) inChina, up 6.7 percent.

Aviation Ministers will be attending Global Investment in Aviation Summit GIAS2019

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The first edition of the Global Investment in Aviation Summit (GIAS 2019) will kick off in Dubai with the participation of the largest ever gathering of aviation ministers and heads of civil aviation authorities from around the world.

Taking place on January 28 & 29, 2019, GIAS 2019 will see the attendance of HE Eng. Sultan bin Saeed Al Mansouri, Minister of Economy and Board Chairman of the General Civil Aviation Authority (GCAA), Sheikh Salman Al Sabah, Chairman of Kuwait’s Directorate General of Civil Aviation, and Eng. Kamal bin Ahmed Mohammed, Bahrain’s Minister of Transportation and Telecommunication, Abdul Hakim bin Mohammed Suleiman Al Tamimi, Chairman of Saudi Arabia’s General Authority of Civil Aviation, Dr. Olumuyiwa Benard Aliu, President of the International Civil Aviation Organisation (ICAO), Hadi Sirica, Nigeria’s Aviation Minister, Blade Nzimande, South Africa’s Minister of Transport, Volodymyr Omelyan, Minister of Infrastructure in Ukraine, Monica Azuba Ntege, Uganda’s Minister of Works and Transport, Captain Sameh El Hefny, President of the Egyptian Civil Aviation Authority, and Ricardo Fenelon Junior, Director General of Brazil’s National Civil Aviation Agency.and other decision makers will also attend the two-day aviation event.

His highness Engineer Sultan bin Saeed Al Mansori the minister of Economy and head of Board of Directors of UAE- GCAA stated “The summit coincides with the remarkable achievement of increasing the number of passengers through Dubai international airport to reach over one billion, as it was stated by His Highness Sheikh Mohamed bin Rashid Al Maktoum, vice president of the state, Prime Minister and ruler of Dubai who expressed his delight over holding the event in Dubai to exchange experiences and information between international experts in aviation sector, as well as holding partnerships that would support investment in aviation. The Global Investment Aviation Summit in Dubai highlights UAE’s leading regional role in aviation sector which is a key pillar in enriching the national economy”.

The Minister of Economy and Chairman of the Board of Directors of GCAA confirmed that UAE concerns much with aviation field in terms of using the latest developments in modern technologies and specialized studies and the holding of many specialized events and active participation in local and international conferences, hoping to conclude agreements and deals that would increase the investment opportunities in aviation, stressing that the summit contributes to the promotion of the state’s efforts to attract investments in the aviation sector, to lineup with the state’s strategic position.

HE Saif Mohammed Al Suwaidi, Director General of GCAA, said: “The participation of aviation ministers and heads of air transport agencies and airline companies, as well as industry leaders and businessmen from all around the world, is a testament of the importance of GIAS. It also emphasizes the prestigious stature occupied by the UAE in the aviation industry, which is a key driver of economic growth in the country.”

He added: “The UAE’s aviation and air transport sector has made unique jumps during the past few years, where the state managed to reach milestones on a par with the leading countries in this sector, whether in terms of the number of flights taking off or landing every day at Emirati airports or the number of passengers.”

Highlighting the importance of the aviation sector, Al Suwaidi said: “The aviation sector has contributed significantly to cementing the UAE’s position as one of the leading countries that provide the highest quality air transport services, by harnessing the latest technologies and smart services in the aviation industry.”

The engagement of aviation ministers along with key industry leaders confirms the importance of GIAS, given the prestigious status occupied by the UAE in the airline industry regionally and globally.

The UAE is also ranked among top countries in the ease of doing business, in addition to its accumulated expertise in increasing the capacity of its international airports that achieved phenomenal growth rates in passenger traffic. All this has coupled with a massive expansion in its infrastructure and the fleets of its national carriers, use of the latest technological equipment and provision of quality of services, among others. 

The UAE is one of the leading countries in the world’s aviation and air transport sector, where aviation is one of the most prominent sectors that contribute to creating a sustainable economy, which ultimately leads to the country’s overall future sustainable development. The country seeks to become first globally in the airline service quality index after it achieved a unique shift in the size of its air transport infrastructure projects over the past few years.

The UAE focuses on the aviation sector, which contributes 15 per cent to the country’s GDP, and is expected to reach 20 per cent over the next few years. The national carriers are continuing their expansion in various foreign markets, thereby reinforcing the UAE’s position in the global air travel industry. Dubai has increased the capacity of its airports, in terms of the number of passengers and flights taking off and landing, in addition to its ongoing expansion plans to reach new destinations across the world.

GIAS 2019 will offer an ideal platform for ministers of aviation, airline companies and professionals in the air transport sector to keep them up-to-date with the latest developments on the airline industry, and allow them to gain insights into investment opportunities available in local, regional and global aviation markets

The event will focus on guiding investments towards six sectors, including aircraft maintenance, manufacturing and supply, aircraft engineering and technology, defense aviation, duty free markets and airline catering industry.

GCAA is the federal authority that manages and regulates the UAE’s airspace and the aviation sector in order to serve the public in a dynamic and thriving aviation environment.

eTurboNews is a proud media partner of this important event.

Source: http://www.gias.ae/  

 

FRAPORT Airport Tour with a Focus on Terminal 3 Construction Project

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The future Terminal 3 at Frankfurt Airport is one of the largest privately funded construction projects underway in Europe. Currently, the site comprises a huge excavated hole where the foundations for the central terminal building are being laid. Fraport’s visitor service team has responded to enormous public interest in the project by launching a Maxi Tour that focuses on Terminal 3. The highpoint of the 90-minute bus ride around Frankfurt Airport’s apron is a stop at a platform with a fantastic view of the construction site.

The Terminal 3 excursion also showcases other fascinating aspects of apron and airfield activities. For example, participants experience takeoffs and landings from close-up at the Center and South Runways. A guide is present throughout, relating fascinating facts and figures, including insights into the construction project. Terminal 3 is scheduled to open in 2023. It will include three new piers, with capacity for more than 20 million passengers annually, and will be setting new standards in terms of its architectural design.

Due to safety regulations, participants in the Terminal 3 tour must be at least 16 years of age. The price per person is 15 euros. The tour can be booked for individuals or groups. An ideal addition is a visit to the viewing platform in Terminal 2. The platform is open all year round.

More information on other tours and the Visitors’ Terrace can be found at www.fra-tours.com .

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Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1979), beginning as a travel agent up through today as a publisher of eTurboNews (eTN), one of the world’s most influential and most-read travel and tourism publications. He is also Chairman of ICTP. His experiences include working and collaborating with various national tourism offices and non-governmental organizations, as well as private and non-profit organizations, and in planning, implementing, and quality control of a range of travel and tourism-related activities and programs, including tourism policies and legislation. His major strengths include a vast knowledge of travel and tourism from the point of view of a successful private enterprise owner, superb networking skills, strong leadership, excellent communication skills, strong team player, attention to detail, dutiful respect for compliance in all regulated environments, and advisory skills in both political and non-political arenas with respect to tourism programs, policies, and legislation. He has a thorough knowledge of current industry practices and trends and is a computer and Internet junkie.