Development 22.03.2018

VINCI Airports signs the contract of concession for Belgrade airport (Republic of Serbia)

Nicolas Notebaert, President of VINCI Airports, and Serbia's Prime Minister, Ana Brnabić, have today signed the 25-year concession agreement for Belgrade Nikola Tesla airport.

VINCI Airports has today signed a 25-year concession agreement for the financing, development through construction and reconstruction, maintenance and management of infrastructure of Belgrade Nikola Tesla Airport. With around 5.3 million passengers welcomed in 2017, Belgrade Nikola Tesla in the capital of the Republic of Serbia is the country’s main airport, serving as the hub of Serbian flag carrier Air Serbia, which accounts for more than 50% of the airport’s passenger traffic.

From the signing of the Concession Agreement, starts a 6 months period during which VINCI Airports has to meet the Conditions Precedent detailed in the Concession Agreement, such as the signing and entry into force of the financing agreements. Once the Conditions Precedent met, the Concession will start.

Nicolas Notebaert, President of VINCI Airports, said: "We believe in the high potential of Belgrade as a leisure and business destination and we want to help the airport realise this potential." As concessionaire, VINCI Airports will aim at improving airport operating conditions to enable Air Serbia to offer new long-haul routes as part of its hub strategy. VINCI Airports will build on its partnerships with over 200 airlines to further increase the airport’s traffic and connectivity, in line with Serbia’s strong economic growth potential.

This success marks a new stage in VINCI Airports’ expansion outside France. Belgrade Nikola Tesla Airport will serve as the company's “hub” in Southeast Europe, a geographical area in which VINCI Airports has not operated until now.