Business & Finance

Connect Consortium Bids for Sydney Airport

BusinessWire - July 17th, 2001

The Connect Consortium - comprising ABN AMRO Bank, Challenger, Egis, Fraport AG Frankfurt Airport Services Worldwide and Schiphol Group - delivered an "indicative bid" today to the Federal Government for the 100 percent privatization of Sydney Kingsford Smith Airport.

Sydney Airport is the country's main hub for both Australian Airlines/Star Alliance and for Qantas/OneWorld. In 2000, the airport ranked 36th in the world with 23.6 million passengers and 29 with almost 565,000 metric tons of air cargo. Well-managed by the Sydney Airport Corporation Ltd., Kingsford Smith Airport also contributed to the memorable success of the Sydney 2000 Summer Olympic Games.