BUSINESS

Gov Okays merger between Otopeni and Baneasa airports

During Wednesday’s session, Government approved the fusion between the Henri Coanda International Airport (Otopeni) and the Aurel Vlaicu (Baneasa) International Airport by setting up the Bucharest National Airports Company, Mediafax reported official sources as saying.


The merger, which the Executive passed via a resolution, was confirmed by Transport Minister Radu Berceanu, who said that the process was the ‘first point’ in the aeronautic transport government program. ‘Everywhere else in Europe, large cities, such as Paris, have but one airport. It was not normal for two airports located within a small distance from each other to be in competition,’ Berceanu said.


Under the merger document, the Bucharest National Airports Company will be funded from own sources, the state budget, bank loans, foreign loans contracted or backed by government, in line with community regulations on competition, non-redeemable foreign funds, legal participation forms of private capital and other legal founding sources.

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