A new Canadian aviation company, Centerline Airport Partners, has made its first purchase, in northern Italy, and plans to invest in other underused airports around the world.
The five-year target, he said, is to boost passenger traffic to 700,000 passengers a year from the current 125,000, a tiny amount compared with Italy’s bigger airport . Ryanair, Europe’s biggest budget airline, is Parma airport’s main client, with two to three flights a day. Centerline is raising US$50-million to US$100-million in its first financing round to build and buy airports.
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