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Through Mundys, Blackstone Sees Much Growth in its Urban Air Mobility Business
Justin Lee
November 30, 2024
© CAPTAIN RAJU / Wikipedia
Through its ownership of Mundys (formerly known as Atlantia), Blackstone’s airport investments have seen strong improvement financially and operationally for most of the year 2024. The Group has also seen progress in developing its Urban Air Mobility business.
In its investor presentation for the first 9 months of 2024, Mundys Group reported that its airport business which are operated by its majority subsidiaries of Aeroporti di Roma, and Aéroports de la Côte d'Azur generated EUR1.06bn in revenues and EUR584mn in EBITDA. These figures were 19% and 30% higher than those generated in the same period of the previous year respectively.
In terms of passenger traffic improvement, for the first 10 months of 2024, passenger traffic at the airports operated by Aeroporti di Roma (Rome Fiumicino and Rome Ciampino International Airports) saw an improvement of 21.0% compared to the passenger traffic in the same period in 2023 and 6.9% compared to the same period in 2019.
© Mike_fleming / Wikipedia
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