Low Cost & Regional

Budapest Airport sold to Vinci consortium

photo_camera Airport now under new ownership (Pic: budapest.org)

Budapest Airport has been bought by a consortium between  the Hungarian state-owned Corvinus Zrt. and the French co-investor Vinci Airports.

As all terms of the agreement have already been met, the transaction was completed.

Gerhard Schroeder, Managing Director of AviAlliance, which was the largest shareholder in Budapest Airport prior to the deal being announced, said: “Since our initial investment in 2007, Budapest Airport has grown significantly. Together with our co-shareholders, we have invested a total of more than 700 million EUR in the expansion and development of the airport”.

“We are convinced that our investments and development plans provide a solid foundation for continued success under the new ownership.”

READ: Robot dog patrols Munich Airport to showcase digital cargo handling capabilities

Budapest Airport experienced substantial growth in passenger traffic under the ownership of AviAlliance and its co-shareholders GIC and CDPQ, nearly doubling the passenger total from 8.4 million in 2008 to 16.2 million in 2019.

In 2023, with 14.7 million passengers, the hub reached 91 percent of its pre-pandemic level, above the European average, and set a new air cargo record with a total of over 200,000 tons.

The airport has received various awards, among them the eleventh consecutive annual Skytrax World Airport Award for “Best Airport in Eastern Europe” in April 2024. The airport also won the best airport in Europe prize at the prestigious Airport Service Quality (ASQ) Awards 2023 for its excellent customer service among airports that handle 15 to 25 million passengers per year.

Sign In

Lost your password?