London Gatwick airport: waiver agreement on financial covenants
September 22 2020 - 12:45PM
London Gatwick airport: waiver agreement on financial covenants
Rueil Malmaison, 22 September 2020
London Gatwick airport: waiver agreement
on financial covenants
In August 2020, London Gatwick airport, a 50.01%
subsidiary of VINCI Airports, entered into discussions with its
lenders, in light of the forecast impact on tis financial
covenants.
Given the exceptional circumstances affecting
air travel, they approved with a large majority the company’s
request to temporarily waive its financial covenants.
Further information is available here:
https://www.londonstockexchange.com/news-article/79IU/announcement-of-results/14694784
About VINCI AirportsVINCI
Airports, as the leading private airport operator in the world,
manages the development and operation of 45 airports located in
Brazil, Cambodia, Chile, Costa Rica, the Dominican Republic,
France, Japan, Portugal, Serbia, Sweden, the United Kingdom and the
United States. Served by more than 250 airlines, VINCI Airports'
network handled 255 million passengers in 2019. Through its
expertise as a comprehensive integrator, VINCI Airports develops,
finances, builds and operates airports, leveraging its investment
capability and know-how to optimise the management and performance
of existing airport infrastructure, facility extensions and
modernisation projects. In 2019, its annual revenue for managed
activities amounted to €4.9 billion, for a consolidated
revenue of €2.6 billion. www.vinci-airports.com
About VINCI
VINCI is a global player in concessions and
contracting, employing 222,000 people in some 100 countries. We
design, finance, build and operate infrastructure and facilities
that help improve daily life and mobility for all. Because we
believe in all-round performance, above and beyond economic and
financial results, we are committed to operating in an
environmentally and socially responsible manner. And because our
projects are in the public interest, we consider that reaching out
to all our stakeholders and engaging in dialogue with them is
essential in the conduct of our business activities. VINCI’s goal
is to create long-term value for its customers, shareholders,
employees, and partners and for society at large. www.vinci.com
- CPVINCI_LGWCovenants_20200922_VA
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