Aena to apply subsidies of 50% for all Spanish Airports in 2014

In spite of the fact that the State Secretary for Infrastructure did not rule out tax reductions for Madrid airport, the Ministry of Development is preparing a subvention plan for airlines which increase traffic in Spain by the application of discounts to airport charges that will range between 25% and 50%. Thus, Aena to apply subsidies in 2014 too.

The measure, which means the biggest incentive within the European air transport market, shall be adopted due to an amendment from the party in the Government to the State Budget Law, which is currently in the parliamentary procedure.

The final detail of incentives is being developed by AENA’s technicians in order to adapt its commercial policy within the privatisation plan in which the AENA’s President José Manuel Vargas, has been working for months.

It must be recalled that in last April, the Minister Ana Pastor, led to an agreement fixing price levels reached with all airlines operating to Spain, with the exception of Ryanair (pax tarifaria)

Airlines will be entitled to big discounts as long as they increase traffic in any Spanish airport.
The subsidies will be effective at year-end, and the implementation would be applicable, in principle, for the next two years. The incentives will be extended to domestic and international routes.

The incentive system is part of AENA’s corporate development as a support for re-launching the generation of business to prepare the company for privatisation.

With the same objective, AENA has made a huge internal adjustment effort in 2012 that has affected to all management areas, including a personnel restructuring agreed with the Unions that finally 1,250 workers have been benefited.

This way, the Ministry of Development wants to encourage the entry to Stock Market over the first month of 2014.