Financial News

(3-Dec-2002) Dutch airport consultancy Market Square Consult has been acquired by Goudappel Coffeng, the biggest traffic and transport consultant in The Netherlands

(27-Nov-2002) Paris-based operator Elior, the third largest food & beverage concessionaire at European airports, motorway outlets and tourist attractions has announced annual turnover up by 12.7% to ?2,329m ($2,329m) for the year 2001/2002

(26-Nov-2002) The Civil Aviation Authority of Singapore (CAAS) has announced it will be setting aside S$210m ($119m) over the next three years to help its partners tide over the uncertainty in the aviation industry and to further strengthen Singapore's position as an aviation hub in the region

(26-Nov-2002) Following two weeks of speculation in Buenos Aires financial circles, crisis-torn Exxel Group has transferred its 80% shareholding in duty-free operator Interbaires to its main creditor Deutsche Bank

(26-Nov-2002) Imperial Tobacco, the world's fourth-largest tobacco company, today reported annual profits up 26% boosted by the $5.8bn acquisition of Germany's Reemtsma earlier this year (TRW 08/05/02)

(26-Nov-2002) After intense lobbying for the San Antonio International airport duty-free concession, the City Council decided last week there were too many concerns hanging over the contract and has opened it for bid again, according to local reports

(23-Nov-2002) Sime Malaysia Region, the subsidiary of trading conglomerate Sime Darby, has this week sold its shareholdings in several duty-free operations to local company Extra Vantage for a total M$696,001 ($183,000)

(21-Nov-2002) A group of 20 key European travel retailers were present at yesterday's Brussels conference to address the subject of cross border overcharges in the VISA credit card system first reported last month (TRW 24/10/02)

(20-Nov-2002) UK airport operator TBI, that operates London Luton, Belfast and Cardiff airports, said pre-tax profits to the end of September fell 23% to £18m ($28.5m), before exceptionals

(16-Nov-2002) King Power International (Thailand) yesterday reported financial results for the third quarter ended September 30 2002