Cancellation of Privatization Set Back the Bratislava Airport Development

The Private Equity group Penta is convinced that cancellation of the privatization is behind worse year-over-year results of the Bratislava Airport.

"The said results confirm the government’s erroneous decision to cancel the privatization of the Bratislava Airport. The Bratislava Airport has been deprived of almost 20 billion investment; it stagnates and this fact is negatively affecting the development of air transportation in Slovakia. Whereas the Bratislava Airport managed by the state recorded a year-over-year decrease in the number of transported passengers in April (by 7%), the Košice airport kept by a private owner, on the contrary, significantly increased the number of transported passengers for the same period (by 24%)," said Jozef Oravkin, partner of the private equity group Penta.

Penta is also convinced that the Bratislava Airport and the Schwechat Airport do not operate in the same relevant market to a decisive extent, thus the concentration of the two airports could not result in occurrence or strengthening of the dominant position that would result in significant obstacles of efficient competition.

"This is also demonstrated both by negotiations of the Prime Minister of the SR with the Austrian party about establishment of a joint venture and transfer of Sky Europe lines to Vienna that disproves the fact that the airports operate on the same market,"
Jozef Oravkin added.

Martin Danko, Spokesman
Tel.: 0903 287 518

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