LONDON – This week, Teruel Airport announced that the concession of its new hangar with capacity for two Airbus A380s has gone out to tender.
At this time, the hangar is still under construction, with this expected to be completed in March 2023, which is not far away at all.
According to Teruel Airport, this new hangar that can house two Airbus A380s has cost around 23 million EUR.
Teruel’s Tender Launched At Pace…
Jose Luis Soro, the Consejero of the Territory, Mobility and Housing within the Teruel Airport area, said that the launch of the tender at pace is vital.
“[This has been announced] with the aim of speeding up the processing and so that the aircraft maintenance activity can begin in the shortest possible time”.
“This work represents a qualitative and quantitative advance in the development of the infrastructure, we expand the possibilities of business development, and the qualified employees that can be created is increased”.
“It is a unique infrastructure in Spain, and it will allow us to continue being leaders in the sector”.
Fee Revealed For Leasing New Hangar…
For concessionaires who are interested in tendering the hangar, it is understood that the rents are an estimated 1.4 million EUR per year without VAT at Teruel Airport.
Within the contract, the offer is for a period of 25 years, with this being able to be extended by an additional 10 years.
For concessionaires who wish to open up shop in Teruel Airport, an airport known for aircraft storage, reactivation, and maintenance, this could open up further business opportunities later down the line.
Such a development in the airport itself is good news for the local economy, with this expected to create more jobs as a result.
Why Does Teruel Airport Ring A Bell?
Teruel Airport in Spain may ring bells in your head, and it should because it is one of the many aircraft storage yards that are scattered across Europe.
In recent weeks, the airport has had a lot of Airbus A380-related activity, with the likes of Lufthansa taking its aircraft out of storage and sent for maintenance ahead of a busy Summer 2023 period.
Airports such as Teruel are used for long-term storage of aircraft, with business booming during the COVID-19 pandemic, when not as many aircraft were needed to cater to the low demand at the time.
There will always be a need for airports like Teruel Airport, as aircraft storage will always be needed, no matter whether it is a pandemic or not.
As the completion of the hangar capable of fitting two Airbus A380s nears, the airport will be wanting to utilize the revenue sources as soon as feasibly possible.
Looking ahead, it’s going to be interesting to see who the new concessionaires will be in this new hangar, especially if it means more Airbus A380s being received by the airport.
But for now, all eyes are now on the completion date, which many await with bated breath.