Schiphol extends its cooperation with Paris airports for one year until the end of November 2021. According to Aéroports de Paris, this agreement was due to expire this year.
“The current context of uncertainty caused by the coronacrisis makes it necessary to postpone the decision on the future of this alliance”, the French state in a statement.
The collaboration between Schiphol and Aéroports de Paris has existed since 2008 and is called HubLink. This means that both airport companies hold an 8% stake in each other. During the first years, the alliance focused on the exchange of knowledge and staff. But according to Schiphol, cooperation has also helped with savings. In this way, certain items can be bought together.
Aéroports de Paris is one of the largest airport operators in the world and is therefore hit very hard by the coronacrisis. According to new figures, air traffic in the French capital was almost 75% lower last month than in September last year, 2.4 million people. Taking into account the participation of Aéroports de Paris in a number of airports outside Europe, the company received a total of 9 million passengers. That’s about 61% less than a year ago.
Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at nicholas.dekramer@economicinform.com
