The money is not tied to a specific project, the airport is talking about strengthening financial stability during a pandemic.
Today, the management of Prague Airport concluded a framework agreement with representatives of the association of three banks for drawing a loan of up to seven billion crowns. The money is not tied to a specific project, the airport is talking about strengthening financial stability during and after the pandemic. The banking consortium that will win the tender consists of ČSOB, Všeobecná úvěrová banka and Raiffeisenbank.
“The terms of the loan are above standard. Due to the position of Letiště Praha, its long-term financial stability, high rating and great interest of creditors in the tender, this company acquires highly advantageous financing conditions, which they will be able to use in future years if necessary for operation and investment, “ said the Chairman of the Board of Directors of Prague Airport Jiří Pos. The credit line is bordered by 2024.
“We are pleased that Václav Havel Prague Airport places great emphasis on sustainability, decarbonisation and ecology in investments, which is in line with the long-term philosophy of the ČSOB Group,” added Ján Lučan, a member of the ČSOB Board of Directors responsible for relationship banking.
The Covid plague by others disrupted the investment plans of Prague Airport. A new runway remains a priority, while the airport has so far abandoned the construction of a new terminal.
With almost 18 million passengers passing through the airport in 2019 and investments to go from its own resources, the number of passengers has dropped to 3.7 million, and this year it will be similar, according to Pose. Nevertheless, the airport needs at least 8 million passengers for a balanced economy. Already at the end of last year, the airport borrowed a billion.