State approves concessions program for Lithuanian airports

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Lithuania’s parliament, the Seimas, has approved new legislation allowing Vilnius, Kaunas and Palanga airports to be run by a private operator.

The ruling has paved the way for a concessions program to be put in place to find an experienced international operator to take over and develop the three airports, currently run by state-owned operator Lithuanian Airports. The three airports handled a combined total of 4.2 million passengers in 2015.

Rimantas Sinkevičius, minister of Transport and Communications for the Lithuanian government, said, “The value of the aviation sector for the country’s economy is tremendous. I believe that this project will become another success story and enable successful competition with other Baltic states that have not yet taken this step.”

Gediminas Almantas, CEO of Lithuanian Airports, said, “It is indeed a remarkable achievement for all of us. The concession model is the best option for our market in order to develop the business activities of Lithuanian airports from a strategic perspective. By virtue of the best-practice model we will expand the development of the Lithuanian air transport sector and turn it toward a long-term strategy. I believe that in partnership with an experienced operator we will become the leaders in the Baltic region.”

InterVISTAS Consulting Group will act as the concession adviser to the Lithuanian government and will assist in several tasks including drafting the terms and conditions for the concession tender, defining the concession aims and objectives, and negotiating with participants in the tender.

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, editor-in-chief

Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

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