Aeroports de Paris, which operates the main Paris-area airports, and Schiphol Group, operator of Amsterdam Schiphol, yesterday agreed to enter into an alliance that will include each acquiring an 8% stake in the other, establishment of a "dual hub" philosophy for Paris CDG and AMS that is expected to produce annual airside synergies/savings totaling €89 million ($119.4 million) and "joint ventures" to acquire and develop airports around the world. The transactions are expected to close ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.