Saturday, November 28, 2020

BER Chatter

 With BER (the new Berlin airport) open....the smoke has settled to some degree (roughly eight years late in opening), a new discussion has started up this week.....flipping it from city/state-owned, to a private enterprise.  RBB discussed this to some degree.  

Most all airports (certainly not all), are privately owned and run.  BER was originally planned in this fashion, and the bid-process screwed up that idea entirely.

The situation currently?  No one is expecting profitability for BER to occur in 2021, and if you read over most business journalists from the past year (in the Covid-era)....they are skeptical that even in 2022 will get BER to a profit point.

This discussion started up.....why not sell off shares of the airport, to stock-holders?

Current leadership of Berlin-City supporting this? NO.  They can see that the period ahead for the next year will be crappy, and without any profit.  But they also can see two years in the future....expecting a serious return to travel to occur, and this airport would deliver significant profit to the city.

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