118,920€ -0,95 %   03.28.2024 15:09
Aktuelles    >    Aktuelles    >    London Gatwick airport: waiver agreement on financial covenants (22. 09. 2020)

Aktuelles

London Gatwick airport: waiver agreement on financial covenants

London Gatwick airport: waiver agreement on financial covenants

22. 09. 2020 - 18:45 - Finanzen - Vereinigtes Königreich

In August 2020, London Gatwick airport, a 50.01% subsidiary of VINCI Airports, entered into discussions with its lenders, in light of the forecast impact on tis financial covenants.

Given the exceptional circumstances affecting air travel, they approved with a large majority the company’s request to temporarily waive its financial covenants.

Further information is available here:
https://https://www.londonstockexchange.com/news-article/79IU/announcement-of-results/14694784

About VINCI Airports
VINCI Airports, as the leading private airport operator in the world, manages the development and operation of 45 airports located in Brazil, Cambodia, Chile, Costa Rica, the Dominican Republic, France, Japan, Portugal, Serbia, Sweden, the United Kingdom and the United States. Served by more than 250 airlines, VINCI Airports' network handled 255 million passengers in 2019. Through its expertise as a comprehensive integrator, VINCI Airports develops, finances, builds and operates airports, leveraging its investment capability and know-how to optimise the management and performance of existing airport infrastructure, facility extensions and modernisation projects. In 2019, its annual revenue for managed activities amounted to €4.9 billion, for a consolidated revenue of €2.6 billion.
https://www.vinci-airports.com