Low-cost airlines count costs of Otopeni move
The first consequences of low-cost airlines’ enforced move to Henri Coanda International Airport (Otopeni) on March 25 have started to appear April 2012 - From the Print Edition
Local representatives of Hungarian budget carrier Wizz said the move would cost the firm 25 percent more in airport taxes, which would feed through into an average 4 percent, or EUR 6, hike in airfares. Other no-frills airlines have voiced similar concerns.
Until late last month, Aurel Vlaicu International Airport in Baneasa served as the local hub of several low-cost operators including Blue Air, Wizz Air, German Wings and Vueling. By 2013, once an appropriate terminal is ready, it will host only business flights. The airport buildings, except the General Aviation Terminal, have a seismic risk and need consolidation, according to the National Bucharest Airports Company (CNAB). The first stage of the modernization was completed in December 2011, when the General Aviation Terminal (building C) was upgraded. The next stage involves the modernization of the three buildings (the dome, A and B), which were used for processing low-cost traffic prior to 25 March.
The closure of the airport to commercial flights might also obscure the extensive real estate interests connected to the some 200 hectares of adjoining land, estimated to be worth almost EUR 1 billion. North Bucharest, where the airport is situated, has some of the city’s most expensive real estate developments, with big projects owned by prominent local businessmen, including Gabriel Popoviciu’s Baneasa Developments projects, residential complex Stejari, which is owned by Ion Tiriac’s Tiriac Imobiliare, land owned by George Becali, a greenfield project by developer Impact, managed by Dan Ioan Popp, and Shimon Galon’s FeliCity residential project, among others.
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