The Airports Company South Africa (ACSA) has announced a ZAR991million (USD96.97million) profit, buoyed by a 16% rise in its revenue for its 2012/13 Financial Year to ZAR6.66billion (USD652.28million). This comes as seven out of the country's nine major airports recorded a slump in passenger traffic on the previous year's figures with aircraft landings also declining by 6% to 271'250, down from 272'320 in 2012.
Tuesday, September 3, 2013
Wednesday, June 5, 2013
The Airports Company South Africa (ACSA) has approved a 10-year strategic business plan that makes provision for infrastructural upgrades and investments worth USD7billion (ZAR70billion), of which ZAR20billion will be used for refurbishments and maintenance while ZAR50billion will be used to create new capacity at South Africa’s nine major airports.
Friday, May 31, 2013
■ SOUTH AFRICA: Competition Tribunal okays acquisition of Lanseria Airport, but with conditions attached.
South Africa's Competition Tribunal has approved the proposed acquisition of Johannesburg's Lanseria International Airport near Johannesburg by black economic empowerment company Holdco though conditions have been imposed on the deal.
Sunday, May 19, 2013
Airports Company South Africa (ACSA) has announced that Mr Bongani Maseko and Ms Maureen Manyama-Matome have been appointed Managing Director and Financial Director, respectively. Cabinet approved the appointment of Mr Maseko on Wednesday, 15 May 2013.
Monday, May 13, 2013
■ SOUTH AFRICA: ACSA outlines plans for aerotropolis at Bloemfontein's Bram Fischer International Airport.
Hot on the heels of its larger northern neighbour, Johannesburg OR Tambo International Airport and its aerotropolis/aerocity plans, Bloemfontein's Bram Fischer International Airport is now set to launch its own bid for an aerocity.
Thursday, May 2, 2013
■ SOUTH AFRICA: Ekurhuleni to finalize plans for Aerotropolis project at Johannesburg OR Tambo International Airport during May.
Following the recently ended Global Airport Cities 2013 conference in South Africa, the city of Ekurhuleni has announced plans to finalize its previously announced 30-year aerotropolis master plan for Johannesburg OR Tambo International Airport during the course of May.
Friday, February 15, 2013
■ SOUTH AFRICA: ACSA awards ADB Airfield Solutions contract to upgrade Cape Town Int'l runway lighting.
Airports Company South Africa (ACSA) has awarded a contract to US based airfield lighting specialists ADB Airfield Solutions to upgrade the AGL – Airfield Ground Lighting at Cape Town International Airport. The contract comes after ACSA awarded ADB a double contract in December 2012 to install a CAT III Normarc ILS at Johannesburg's OR Tambo International Airport's runway 21L in addition to installing added taxiway centreline lighting to support the airport’s move to a CAT III airfield.
Sunday, February 10, 2013
■ SOUTH AFRICA: (Pics) Johannesburg's OR Tambo Int'l Airport set to embark on its "Aerotropolis East" initiative.
The Airports Company South Africa (ACSA) is said to be close to signing a partnership deal with development companies to expand the company's flagship facility, OR Tambo International Airport in Johannesburg through the commercial development of airport land previously owned by arms manufacturer Denel. The prospect, too, of a new passenger terminal (OR Tambo Midfield Terminal) is also said to be in the "conceptualization" stage.
Friday, November 16, 2012
■■ SOUTH AFRICA: 7 million litres of fuel contaminated in pipeline to Joburg OR Tambo International.
UPDATE [16 NOVEMBER 2012 19h00L]The Airports Company South Africa (ACSA) this morning issued a statement to the effect that fuel in its AVTUR pipeline to Johannesburg's OR Tambo International Airport had been contaminated with "off-specification Jet A-1" and had therefore been rendered unfit for use by airlines.
Monday, October 29, 2012
■ SOUTH AFRICA: 1Time Holdings announces $5million loss for interim period ended 30 June; plans rights issue.
South Africa's 1time Holdings Ltd, the parent company of LCC 1Time (T6) and its sister company, Jetworx, has posted a USD5.02million loss according to its unaudited results for the interim period ended 30 June 2012, with "higher fuel costs, airport taxes and an excess of capacity in the market" continuing to take their toll.
Thursday, September 13, 2012
■ SOUTH AFRICA: Airports Company South Africa bounces back with a USD22million profit for FY 2011/2012.
After a heavy loss of USD26.8million during the 2010/2011 Financial Year, The Airports Company South Africa (ACSA) announced yesterday that it had made a profit of USD22million for the 2011/2012 Financial Year, though it is unlikely that any South African airlines will be joining in the celebrations, as the main factor behind ACSA's return to profitability - a 70% hike in its tariffs - is one of the reasons why 1Time is in Business Rescue and Comair Limited posted no dividend for the same Financial Year.