HNA Group, the parent company of Chinese airline Hainan Airlines, is bidding for HOCHTIEF AirPort (HTA), which, according to reports in the Wall Street Journal, it values at more than €1 billion or $1.42 billion.
The Wall Street Journal said that HNA was among bidders short-listed to move to the second round of bidding for HOCHTIEF's airport business.
Other bidders for HTA are said to be Fraport and Vinci, which have also made offers for the assets.
HOCTHIEF AirPort currently has stakes in six airports worldwide, including Athens, Budapest, Düsseldorf, Hamburg and Tirana in Europe and Sydney in Australia.
HTA’s existing airport holdings provide plenty of scope for development.
Speaking exclusively to Airport World earlier this summer, Reiner Schrankler, chairman of HOCHTIEF Concessions’ executive board and CEO of HTA, said: “All out airports benefit from prime catchment areas.
“Either they are capital airports like Athens, Budapest or Tirana with a strong passenger base, gateway airports like Sydney and Hamburg or airports in densely populated areas like Düsseldorf.
“We also prefer to invest in airports that require heavy investments, for example, brown and Greenfield gateways.”
HOCHTIEF has remained tight-lipped as to the future shape and direction of HTA post–sale, but what is clear is that its shareholdings offer significant potential, especially for other airport investors.