China Everbright in talks to acquire operator of Tirana international airport

China Everbright in talks to acquire operator of Tirana international airport
By bne IntelliNews April 13, 2016

China Everbright is negotiating to buy Tirana International Airport (TIA), which operates Mother Teresa airport in the Albanian capital, local media reported on April 13.

TIA had exclusive rights over international flights to and from Albania, but earlier this month, the Albanian transport ministry announced it had reached agreement with the operator to remove its exclusive rights, which paved the way for other airports to open in the country. The deal was struck after two years of negotiations.

The information was confirmed by TIA’s CEO Rolf Castro-Vasquez, business news outlet Monitor reported.

The operator of Tirana airport, also known as Rinas, was awarded a 20-year concession agreement effective from 2005, under which no other airport could be licensed for international commercial flights in Albania.

TIA is a consortium owned by Germany’s AviAlliance, DEG Deutsche Investitions-und Entwicklungsgesellschaft, a member of the KfW banking group, and the Albanian-American Enterprise Fund (AAEF).

The second airport in Albania, most probably in the northern town of Kukes, is expected to open by the end of this year.

China Everbright Limited is a financial services company active in asset management, direct investment, brokerage and investment banking in China and Hong Kong.

Related Articles

Northern Albania hit by 5.1 magnitude earthquake

Northern Albania was hit by an earthquake with a magnitude of 5.1 on the Richter scale on August 11, causing damage to some buildings, though there were no victims. Albania is part of an ... more

Albanian PM says Nato to open first air base in Albania

Nato has decided to open an air base in Albania, which will be the first in the Western Balkans, Albanian Prime Minister Edi Rama said. At the Nato summit in Brussels last month, leaders of states ... more

Western Balkans' 2025 EU accession looks challenging, wiiw says

While European Union leaders met in London with representatives of the six Western Balkan countries to push them speed up their European path, the Vienna Institute for International Economic ... more

Dismiss