NR Investments agreed to buy 95% stake in Moldova’s Chisinau Airport concession

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NR Investments Ltd, a Guernsey, Channel Islands property investment vehicle, has agreed to acquire 95 percent of Avia Invest, the concessionaire of Chisinau International Airport, the largest and sole international airport in Moldova. 

Located just 13km from the capital, the Chisinau International airport is the main gateway for flights to the Republic of Moldova. 16 passenger carriers currently operate from the airport, connecting 38 destinations such as London, Dublin, Paris, Istanbul, and Moscow. The concession includes the construction of a new passenger terminal, the development of the cargo terminal and other related facilities.

The ownership — operations and management — of Chisinau International Airport was transferred to concessionaire Avia Invest company, in November 2013, under a controversial 49-year government exclusive concession contract. Under a private/public partnership model a three-stage investment programme was determined over six years. During that time Avia Invest has overseen a modernisation of the airport, including a new passenger terminal, upgraded runway and apron, a car park and other airport infrastructure enhancements.

Avia Invest has also been busy marketing the Moldova capital airport, in the process of attracting new full-service and especially low-cost carriers. Now, 16 airlines include Chisinau in their networks, serving 38 destinations, including to London, Dublin, Paris, Istanbul, and Moscow. Chisinau International Airport handled some 2.8 million passengers in 2018, a 14.8 percent cumulative annual improvement since 2010. This year it is expecting to surpass the three million passengers mark.

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