Investments

Current Investments

Russia, Airports of the South (Krasnodar region)

Russia 1

Changi Airports International (CAI) marked its first foray into Russia in June 2012 by investing in four airports of the Krasnodar region. The airports serve the resorts of Sochi, Anapa and Gelendzhik as well as the business center and political capital of the Krasnodar region.

Through a joint venture with its local partners, Basic Element and Sberbank of Russia, CAI set out to develop the airports into world-class aviation centres.

The Krasnodar region has an area of 76,000 sq km and a population of about 5.5 million. An established domestic tourism destination and an important agro-industrial centre, the region sits astride the main transit routes from Europe, Ukraine and central Russia to the Caucasus, and the trans-Asian territories south of the Caucasus and Central Asia.

Its picturesque coastline and mountain range draw some 16 million tourists annually. The region is host to major international events such as the 2014 Winter Olympic Games, annual F1 Grand Prix and International Investment Forum. It will soon be in the global spotlight again for FIFA World Cup 2018.

Since CAI’s entry, all four airports have undergone different phases of development.

Sochi International Airport has undergone terminal enhancements, such as a new 10-gate passenger gallery, a state-of-the-art security system, and a new airport terminal signage system. This enabled Sochi to facilitate a record number of passengers during the 2014 Winter Olympic Games.

The implementation of a new airport service training programme, Service Blueprinting, and participation in the global ACI ASQ programme are key drivers for the strong service performance, leading to numerous award recognitions as the top airport in Russia and Europe.

A new 4,000-sqm VIP terminal in 2013 – the largest of its kind in Russia, along with new world-class duty-paid and duty-free shops, the Store Sochi, established in collaboration with Dufry, also upgraded the airport’s commercial offering to international standards.

The Krasnodar International Airport complex was reconstructed in 2013 to increase the terminal throughput capacity three-fold to 1,700 passengers per hour. Design for a new terminal, which can process up to six million passengers per annum, is underway.

The commercial area was also revamped and retail offerings expanded when The Store Krasnodar opened its new duty paid shop in September 2014, followed by a duty free shop in November 2015.

At Anapa International Airport, a new 11,800-sqm airport complex boasting energy-efficient technology and environmental-friendly material opened its doors to passengers in July 2017. Serving mainly domestic flights, the new complex has the capacity to handle up to 600 passengers per hour.

Together with the current 5,000-sqm terminal which serves international traffic, Anapa International Airport now has tripled its original capacity and can accommodate up to 1,100 passengers per hour.

At Gelendzhik Airport, plans for a new terminal are in the works. Construction is expected to be completed by 2018. The new 5,500-sqm terminal will double the airport’s capacity to 300 passengers per hour.

CAI holds a 30% stake in the joint venture that owns the four airports and its management company, Basel Aero. With CAI’s active participation, the airports are witnessing a steady passenger traffic growth – from 5.5 million passengers in 2012 to 10 million passengers currently.

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Milestones
2013

Leading travel retailer Dufry (then Nuance) partners with Basel Aero to operate airport retail business in all four airports

Launched Sochi VIP Terminal in preparation for the Winter Olympics

Established Airport Service Quality management framework at Sochi airport

2015

Commenced construction of a second runway at Krasnodar airport

2016

Commenced construction of a new terminal at Anapa airport

2017

Opening of a new domestic terminal at Anapa airport

Opening of a new runway at Krasnodar airport

 

Awards and Accolades
Anapa International Airport

2015, 2016, 2017
Best International Airport with an annual traffic of up to 2 million, at Russia’s National Airport Infrastructure Show & Civil Aviation (NAIS&CA)

Gelendzhik Airport

2015
Passengers’choice for best regional airport, NAIS & CA

Best Regional Airport with an annual traffic of up to 500,000, NAIS & CA

2016
Best Regional Airport, 3rd place, NAIS & CA

Krasnodar International Airport

2015
Four-star rating, Aviaport study on Russian airports’ infrastructure and passenger services
2015, 2016
Best Regional Airport with traffic of up to 4 mppa, NAIS & CA

2017
Best International Airport with traffic of up to 4 mppa

Sochi International Airport

2015
Best Airport Investment Project in 2014, NAIS & CA

Best International Airport with traffic of up to 4 mppa, NAIS & CA

Five-star rating, Aviaport study on Russian airports’ infrastructure and passenger services

Airport of the Year, 18th National airline award ‘Wings of Russia’

2016
Best Airport by Region (Europe, over 2 mppa), ACI’s Airport Service Quality Awards 2015

Best Airport by Size and Region (2-5 mppa), ACI’s Airport Service Quality Awards 2015

Best International Airport with traffic of up to 7 mppa, NAIS & CA

Best Regional Airport, Business Traveller Russia & CIS Awards

Largest Airport in South of Russia by Expert-Yug magazine (Y-O-Y revenue and net profit growth rates)

2017
World’s Top 20 Airports, International Airport Review

Best International Airport with traffic up to 7 mppa, NAIS & CA

Best Regional Airport with traffic up to 7 mppa, NAIS & CA

Best Airport by Region (Europe, over 2 mppa), ACI’s Airport Service Quality Awards 2016

Best Airport by Size and Region (Europe, 2-5 mppa), ACI’s Airport Service Quality Awards 2016

Best Airport by Size (2-5 mppa), ACI’s Airport Service Quality Awards 2016

 

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