AviAlliance GmbH
Airports Budapest Airport

Established gateway in Central and Eastern Europe: Budapest Airport

AviAlliance today holds a stake of 55.438 percent in Budapest Airport, Hungary's most important international airport. In June 2007, AviAlliance, together with its consortium partners, had initially assumed responsibility for the airport management with a stake of 75 percent minus one vote. In July 2011, they also acquired the 25-percent stake stake of the Hungarian state. Since then, Budapest Airport is fully privatized. In 2017, 13.1 million passengers used the Hungarian capital's airport.

Very shortly after the takeover by the AviAlliance consortium, the modernization program BUD Future was initiated. For a total of EUR 261 million, the infrastructure was thoroughly modernized and new business fields are still being opened up. The centerpiece of the program is the new terminal building BUD SkyCourt, which was opened in March 2011 and links Terminals 2A and 2B. The large glass structure offers passengers and visitors a high-quality stay, with interesting views of both the apron and the landside. At the same time, it accommodates the central security system, which streamlines passenger screening and check-in processes.

In 2016, the go-ahead was given for a new investment program, called BUD 2020. In the next five years, Budapest Airport will invest around EUR 180 million in further expansion. Core projects in the program are a new pier and an airport hotel. The new Pier B went into operation in September 2018.

Key project data
  • Contract for the operation of Budapest Airport
  • Form of privatization: 100 percent privatization, duration until 2080, contract concluded June 6, 2007 (secondary transaction)
  • Shareholders: AviAlliance (55.44%), Malton* (23.33%), Caisse de dépôt et placement du Québec (21.23%)
  • Hungary's largest international airport

*A subsidiary of GIC

Reasons for investment

Budapest is Hungary's biggest international airport and – after Prague – the second-biggest airport in the countries that joined the EU in 2004 and the first large center of aviation in the region to be privatized.

Shareholders

Shareholders Budapest Airport Zrt.

  • 55.44% AviAlliance
  • 23.33% Malton*
  • 21.23% Caisse de dépôt et placement du Québec

*A subsidiary of GIC

Passengers
Year Passengers
2013 8.5 million
2014 9.2 million
2015 10.3 million
2016 11.4 million
2017 13.1 million
Financial Highlights 2017

Revenues (excl. fueling) EUR 257.6 million
of which Non-Aviation 27%
EBITDA (excl. fueling) EUR 197.8 million

Prizes and awards

In the past few years, Budapest Airport has been honored on a number of occasions for the quality of its services.
Here are some examples:

Routes Europe Marketing Awards 2018
Winner in the category of 4-20 million passengers

Skytrax World Airport Awards 2018
Best Airport in Eastern Europe

Skytrax World Airport Awards 2017
Best Airport in Eastern Europe

Skytrax World Airport Awards 2016
Best Airport in Eastern Europe

CAPA Aviation Awards for Excellence 2015
Airport of the Year

World Routes Marketing Awards 2015
Highly commended in the category of 4-20 million passengers

ACI EUROPE Best Airport Awards 2015
Highly commended in the category of 5-10 million passengers

Skytrax World Airport Awards 2015
Best Airport in Eastern Europe

Further information