The winning consortium consists of Dankner Investments, Swissport International, Laufer Aviation, Flying Cargo, and CAL Cargo Air Lines.
Swissport Israel, a consortium consisting of Dankner Investments (TASE: DKNR), Swissport International, Laufer Aviation, Flying Cargo, and CAL Cargo Air Lines, yesterday won the Israel Airport Authority tender for setting up a second cargo terminal at Ben Gurion Airport. Up until now, Maman Cargo Terminals and Handling (TASE: MMAN) was the only cargo terminal operator at Ben Gurion Airport.
The Airports Authority declined to state whether other groups had competed in the tender, or whether the winning consortium had made the only bid. The consortium also failed to state whether there had been any competition.
Swissport Israel will spend an estimated $20 million in building the cargo terminal over eighteen months, and annual revenue from the terminal is expected to be in the tens of millions of shekels.
Under the agreement signed today by the Airports Authority and the consortium, the consortium will finance and build the terminal, and operate it for 20 years after it is completed.
Published by Globes [online] - www.globes.co.il - on June 3, 2004