EUR 261 million airport plans
A consortium led by Germany’s HOCHTIEF AirPort last Thursday promised to pump EUR 261 million into Budapest Airport over the next five years as it announced it had finalised the purchase of the company that runs Ferihegy international airport. Budapest Airport spokesman Domokos Szollár said in a statement that the new management would focus on “the further development, expansion and modernisation of the airport”. Budapest Airport was privatised in December 2005, when Britain’s BAA bought the airport. However, Spain’s Ferrioval took over the British company and sold Budapest Airport to the consortium for EUR 1.9 billion.