[AATT] T&T’s airports open for business

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[AATT] T&T’s airports open for business

Unread post by bimjim » Fri Apr 29, 2016

http://www.guardian.co.tt/business/2016 ... n-business

[AATT] T&T’s airports open for business
Friday, April 29, 2016

The Airports Authority of T&T (AATT) has been making a positive impact on job creation and attracting investment to this country, chairman Nigel Ferguson told stakeholders a recent gathering at the South Terminal of the Piarco International Airport.

Ferguson said several companies that have signed agreements with the Authority to open new businesses at the country’s airports, while existing companies that have committed to expanding their operations.

Aviation Business Limited (ABL) and Laparkan will be expanding cargo operations, while PHI will provide helicopter services. Other companies that have signed obn for airport business are Attenza Duty Free. Signature Flight Support and D’ Roti Lovers.

The AATT chairman saud the high interest in investing suggests that companies have recognized that the country’s two airports are attractive places to do business. He said while engaged in managing safe and efficient airports, the AATT has demonstrated prudent financial management and has been consistently in a position to fund its operational costs and be self-sufficient through rental of retail space, estate management, airport advertising and rates and charges for aircraft, passenger and cargo movements.

Ferguson said the AATT has already reduced the average check in time for passengers via the introduction of additional self-check- in kiosks; improved the restrooms at the North Terminal , POS; improved signage for ease of wayfinding; and commenced discussions with agencies such as Immigration and Customs and Excise to improve the arrivals experience and better facilitate passengers.

The AATT is also implementing other initiatives to improve the airport user experience through every stage of the passenger process from car parking, In 2016 and 2017 there will be improvements in airport car parking, security screening check points and in the arrival experience and also an increase the amount of space available for Bonded warehousing at the Piarco AeroPark.

AATT general manager Hayden Newton said the business model for airports has changed and they are no longer seen as simply parts of transportation infrastructure where passengers embark and disembark aircraft, but as catalysts for economic growth.

He quoted an Oxford Economics study commissioned by IATA in 2011 which showed that the aviation sector contributed an estimated US $300 million per year to the economy (1.4 per cent of GDP) and supports around 8,100 jobs in T&T.

He urged investors to see the airports as attractive areas for investment in spite of slowed growth in other sectors.

“We are also encouraging other businesses that are looking for locations that offer the opportunities for growth to contact us. We are open for business,” Newton said.

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