How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
...you can learn Spanish at a variety of locations in the UK aswell as on residential and day courses in Spain?
Regardless of your standard, and whatever level you wish to reach Cactus Language has a program to suit your needs!
- Why every Expat is a scumbag
- Mixed Reaction to ECB Rate Cut
- Lorca Earthquakes 2 Year Anniversary
- Join us on the Costa del Sol to discuss your Spanish IHT requirements
- El Escorial
- Wincham announce opening of Marbella office
- Unauthorised Financial Advisers in Spain : UPDATE
- Community Insurance in Spain
- Caldendar Girls
- Own a Property in Spain ? Then you need to read the following
- EU Summit Eagerly Anticipated
- Travel Money Made Easy !
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Selling AENA "Like selling Crown Jewels"
Spain´s Asociación de Líneas Aéreas (ALA), an association representing the airlines operational in Spain, are wary of the privatization of AENA.
Paul Olmeda and Juan Luis Burgos, President and CEO of ALA respectively, have expressed their doubts over the future of the capital structure of AENA, calling into question why any Government would wish to sell any state asset that is expected to return an operating profit by the end of 2011. Burgos compared the move to `Selling the crown jewels´.
However, Burgos also expressed his doubts that this would actually amount to a net profit, regardless of statements made by the Minister of Public Works, José Blanco, which assured that AENA would return to profit by the end of the year.
Phase One of the privatization process, consisting of the sale of Barcelona´s El Prat and Madrid´s Barajas airports, was stopped a few days before the start of the election campaign. The reason given for this was to allow additional time for the investors to raise funding, however the Partido Popular had also called for the move to be suspended until after the general election had been held in order that they may review the decision.
"It doesn´t matter whether the management is public or private, as long as it is efficient - which means more economic efficiency. AENA has been effective over the years, being able to move millions of passengers a month," Burgos commented.
Meanwhile, Olmeda declared his concerns that: "If AENA is privatised, airlines will suffer, as new management may increase rates."
The ALA was instrumental in suspending the privatization of AENA. The first phase of the process was due to be finalised just three days after the general election, but was eventually delayed for 3 months, until the end of January next year.
Comment on this Story
Latest News & Stories
- Spain Cyber Crime Capital of Europe
- Corvera Will Not Cost Murcia One Euro
- Corvera Airport has "other parties interested"
- Spanish Court Convicts 22 Riot Police Officers
- Rajoy Pledges to Cut Taxes by 2015
- Second offer to buy Castellon Airport "Not Economically Viable"
- Spain to close 48 railway routes
- Regional debt falls in Q1
- Changes to Spain's Education System Approved
- Expats targeted by money launderers