Russia’s Vladivostok Airport acquired Changi-led consortium

Published on : Tuesday, November 29, 2016

russias-vladivostok-airportVladivostok International Airport in Russia’s Far East has been acquired by a consortium comprising Basic Element, one of Russia’s diversified industrial groups, Russian Direct Investment Fund (RDIF) and Changi Airports International (CAI).

 

Vladivostok International Airport is strategically located at the crossing of air routes between Russia’s Far East and the Asia-Pacific. It currently has the capacity to handle 3.5 million passenger per annum and to receive all aircraft types.

 

The consortium will own 100 per cent of JSC Terminal Vladivostok which owns and operates the airport terminal building, and 52.16 per cent of JSC International Airport Vladivostok which holds the airport license.

 

Basic Element, RDIF and CAI each hold an equal interest of 33.3 per cent.

 

The consortium will focus on expanding the airport’s route network, increasing flight frequencies, and improving its service offerings through quality training to meet the demands of business and leisure travellers.

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