Vladivostok International Airport, in the Far East of Russia, could soon become a major new regional hub following a takeover involving Singapore’s Changi Airport.
A consortium involving Changi Airports International (CAI) has agreed to acquire the companies that operate Vladivostok airport. The group, which also includes Russian government’s investment fund, will take a 100% stake in JSC Terminal Vladivostok, which owns and operates the airport terminal building, and 52.16% of JSC International Airport Vladivostok, which holds the airport license.
“Vladivostok is the largest economy in the Russian Far East and is strategically placed to be the gateway between Russia and the Asia Pacific,” said Lim Liang Song, CEO of CAI. “We will develop Vladivostok International Airport as one of the best air hubs in the region with strong air connectivity and superior service – two of our priority areas.
“We will showcase the uniqueness and vibrancy of Vladivostok and Russian Far East to the rest of the world through the airport, and open up this region to the vast opportunities in international trade and tourism,” he added.
The consortium will focus on expanding the airport’s route network and increasing flight frequencies, in line with an Open Skies policy introduced in 2011, as well as improving its services. The new owners said the airport will be positioned as “a major air hub for domestic and international traffic”.
A major Russian port city on the Sea of Japan, Vladivostok is more than 9,000km from Moscow, but just 750km from Seoul, 1,000km from Tokyo and 1,300km from Beijing.