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Aviation Momentum: Meridiam’s Global Airport Portfolio Reaches New Heights
Justin Lee
September 30, 2025
© David from Simply Aviation / Wikipedia
The past 12 months have marked a period of robust passenger growth and record performance across several airports within Meridiam’s global portfolio. From New York to Amman and Sofia to Antananarivo, the fund’s aviation assets demonstrated resilience, recovery, and renewed expansion.
At Queen Alia International Airport (QAIA) in Amman, operated by Airport International Group (AIG) and part of Meridiam’s portfolio, passenger traffic surged to record highs. The airport welcomed 4.4 million passengers in the first half of 2025, representing a 6% year-on-year increase, following an 8.5% rise in the first quarter alone. This growth, supported by the resumption of key regional and European routes, reaffirmed QAIA’s position as a key regional hub
Similarly, Meridiam-backed Ravinala Airports in Madagascar—managing both Ivato International Airport in Antananarivo and Nosy Be Airport—handled 1.23 million passengers in 2024, marking a 14% annual increase and surpassing the symbolic one-million-passenger milestone for the first time. This performance followed ongoing government and private-sector modernization efforts to double the airports’ capacity by 2028, aimed at restoring Madagascar’s tourism economy.
© VisitingMadagascar / Wiklipedia
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