Lanseria International said to be for sale

Posted On Friday, 03 April 2009 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

SA’s largest privately owned airport Lanseria International is believed to be up for sale, possibly to a foreign group of investors.

Lanseria-AirportLANSERIA International, SA’s largest privately owned airport, is believed to be up for sale, possibly to a foreign group of investors.

While rumours of its imminent sale have circulated for years, speculation reached fever pitch this year with businesses operating from the airport being approached by potential buyers in the past few weeks to sound out their plans at the airport.

A spokesman for the airport, who did not want to be named, said this week that the airport had not been sold, but did not rule out a sale in future.

“I can categorically state that the airport has not been sold. We have had discussions in the past with various groups and are currently in talks with various other parties.”

Stephen Carlin, a Lanseria director, also denied that it had been sold. “We are always being approached by potential investors wanting to buy the airport,” said Carlin, without revealing whether talks had become more serious this year.

The airport grew substantially in the past few years with a surge in traffic. kulula.com’s scheduled service put the airport on the map, and the low-cost airline has continued to grow its capacity out of Lanseria.

Gidon Novick, joint CEO of Comair, which operates kulula.com, said yesterday the airline would soon add extra flights to Cape Town and Durban despite a slump in domestic travel.

“Lanseria continues to work well for us,” he said. Novick said that the extra flights would begin to test Lanseria’s ability to cope with many passengers.

“We are starting to see constraints on Lanseria’s capacity in various part of our operations, and there is no doubt that the airport facilities will need to be expanded if we expand our flight even further.”

Airport manager Gavin Sayce recently confirmed that the airport was looking at expanding, but said no plans had been finalised.

 

Last modified on Thursday, 31 October 2013 17:55

Most Popular

Should you rent or buy your business premises?

Jun 23, 2022
Malusi Mthuli_FNB
This is a question that most business owners will face at some point in their journey.…

April 2022 Hotel Accommodation Income Statistics continue to show a very weak picture compared to pre-lockdown times.

Jun 23, 2022
Hotels Monthly Income 2022
The StatsSA release of April 2022 preliminary monthly tourism statistics show the Hotel…

South Africa’s inflation exceptionalism: can it last?

Jun 23, 2022
Carmen Nel
South Africa is often seen as a high-beta play, be it regarding financial market risk…

Hyprop continues to reduce debt and reposition its portfolios in SA and EE

Jun 30, 2022
Skopje City Mall Playground
Hyprop, which manages dominant retail centres in mixed-use precincts in key economic…

Vaal Mall rolls up its sleeves for pothole repairs

Jun 30, 2022
Vaal Mall crew busy repairing the various potholes making easier access to the Centre.
Vaal Mall is showing their commitment towards their community by stepping up to repair…

Please publish modules in offcanvas position.