JERSEY (ots) - Meinl Airports International has acquired 100 percent of the airport "Mukhino in Ulan Ude in Russia. The purchase agreements were signed in August, now has the Russian competition authority to its acquisition by Meinl Airports International agreed.
Russian government is promoting the expansion of tourism in the region
Ulan Ude is the capital of the Republic of Buryatia in Russia, especially internationally by Lake Baikal, with 25 million years the oldest lake and also the largest freshwater storage the world is known. In Ulan Ude even live about 350,000 people in the catchment area of the airport more than 500,000. The Russian government has given the region's special status as a "Tourism Development Zone. In addition to the investment program of the Russian state in particular the investments of private investors are encouraged so that the airport has tremendous growth potential. The airport has a 3.3 km long, in 2006 newly built runway and thus has all the capacity for long-range machines. The "Mukhino" Airport is already a commercially-used airport with scheduled and charter flights, which currently still primarily intra Russian destinations will be served. Ulan Ude has recently Status of an international airport attained. In addition to destinations in Europe are now increasingly also flights to and from Asia served. Sun Beijing is just a little over an hour's flight. The number of passengers amounted to 150,000 passengers in 2006 and will rise dramatically in the coming years.
purchase price of $ 24 million - huge investments planned
The purchase price for the airport is $ 24 million Meinl Airports International in addition to the modernization of the airport's significant investment in business infrastructure with the airport is. Roman Himmler, Chairman of Meinl Airport Managers, said: "We will continue our investment program in the finalize next week with representatives of the Russian Government and then of course give our investors details are known. "Nadine Gilles, Board Member of Meinl Airport Managers, added" We believe the airport Ulan Ude significant growth potential, especially as the Lake Baikal region, distinguished not only for the classic tourism is ideal, but offers due to their specificity for field trips and specialized tourism fascinating incentives. "
first Russian airport owned by international investors
The acquisition of the airport Ulan Ude is not only the first airport acquisition of Meinl Airports International but also the first Russian Airport at all, which was sold to an international investor. In order for this project will guide follow for the future and for Meinl Airports International is the first successful entry into the growing market of Russia, the other.
Several airport projects in advanced Due Diligence
The project pipeline of Meinl Airports International includes a number of other airports in due diligence, with the majority in the core of society - Central and Eastern Europe including the Russian Federation - content.
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