Azerbaijan’s State Oil Fund (SOFAZ) has announced a £50 million (US$67 million) investment in London Gatwick Airport (LGW) in partnership with Global Infrastructure Partners (GIP), a U.S.-based firm now part of BlackRock. The investment marks one of SOFAZ’s largest single infrastructure deals in Europe, underscoring the sovereign wealth fund’s long-term strategy to diversify into global infrastructure and sustainable assets.
International Aerospace Coatings (IAC) has announced plans to expand its presence in Teruel, Spain, with the construction of a second widebody aircraft paint hangar, reinforcing the region’s role as a strategic hub in the aerospace maintenance and coatings sector. The new facility will be built adjacent to IAC’s existing widebody hangar and construction is scheduled to begin in August…
United Airlines is significantly expanding its operations at its Houston hub by initiating the construction of a new Ground Service Equipment Maintenance Facility spanning 140,000 square feet, along with a state-of-the-art training facility. This development marks a substantial investment in the infrastructure and capabilities of United Airlines at one of its key operational bases.
Amsterdam’s Schiphol Airport, a major European aviation hub, has announced a substantial increase in the fees charged to airlines. Over the next three years, these fees will rise by a total of 37%, reflecting the impact of high inflation and interest rates.
