Lanseria sale won't affect operations

2012-11-16 08:34
 Johannesburg - Lanseria International Airport has been sold to a consortium of investors, it was announced on Thursday night.

Fin24 reports that the group of private investors who have owned and developed the Lanseria International Airport over the past 21 years have sold 100% of their shares in the airport.

The new owners are Sandton-based Pan African infrastructure development fund manager Harith as well as a Black Economic Empowerment consortium which included the women's empowerment company Nozala; and the Government Employee Pension Fund (GEPF), through the Public Investment Corporation (PIC).

"The transaction is subject to certain conditions, including regulatory approval," Harith said in a statement.

The airport's CEO Gavin Sayce said, in the statement, that its management team and philosophy would remain unchanged.

"In addition, our capital expenditure programme for the next three years has been accepted, committed to and funded by the new owners."

In anticipation of growing traffic and aviation demand, Lanseria has commenced construction of a new 3km long runway that will be able to accommodate certain wide-bodied aircraft. Further investment into infrastructure, including upping retail antes and parking facilities is also in the pipeline.

Describing the airport as a successful and strategic infrastructure asset in the highly-specialised and competitive aviation sector, he said Harith would play an active role in ensuring it continued to sustain and deliver value to its customers and partners.

Harith envisaged the continued development of the airport and the entrenchment of its role as a low cost alternative to OR Tambo International Airport.

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