Half of Airport Cargo City Leased

2011-03-01 09:08 -

Celebi Ground Handling is to be the first tenant at the cargo base of Budapest Airport, taking almost 13 thousand square meters in the air cargo center soon to be erected.

With this, close to half of the Cargo City of Budapest Airport has been taken already. The project of the airport operator will be an important milestone for the air cargo industry, the labor market of the Southern Pest region, as well as the development of the Hungarian economy as a whole. The completion of the first phase of the project is scheduled for the end of 2012.

Celebi – a well-know partner of the airport operator – signed a lease agreement with Budapest Airport. The company will perform ground services for the airlines intending to use the cargo base, for which Celebi will need warehouse and office space of almost 7 thousand square meters and other areas of more than 5 thousand square meters. The first phase of the cargo development of Budapest Airport includes 26 thousand square meters of newly built areas which will be offered to companies involved in air cargo transportation.
As a result of the advantageous location of Budapest and other promising business characteristics, justified marked demand has been indicated for an air cargo distribution center, therefore Budapest Airport decided that in the framework of its modernization program called BUD Future a new cargo base would be built. After the approval of the Board of Directors, the project received the final green light when the Vecsés municipality amended the regulation plan of the airport removing the last obstacle that had been hindering cargo development.

The feedback from the cargo and logistics market about the lease opportunities is far above the expectations assessed a few years ago. Budapest Airport is already in negotiations for the 2nd phase of cargo facility with potential tenants, – in addition BA is able to offer taylor made facilities.

After performing the design tasks, the airport operator submitted its construction permit application to the competent authority already at the end of last year. Therefore soon after opening the new terminal building called SkyCourt on 27 March, the next large-scale construction effort of Budapest Airport may already commence.
“The construction of the Cargo City is not only important for Budapest Airport and its partners. As a result of this investment, a complex development concept will be implemented in the region that will benefit not only the surrounding region but also the Hungarian economy as a whole,” said Budapest Airport CEO Jost Lammers.

We are delighted that we are able to expand our cooperation with the airport operator, and can become one of the biggest tenants of the future cargo base. I firmly believe that in the new, state-of-the-art facility we will be able to provide the usual high service quality to our partners „-said Osman Yilmaz, Director of Celebi Ground Handling Hungary.

The Airport:
Budapest Airport Plc., the operator Ferihegy Airport is co-owned by the Hungarian state (25% +1 vote) and a consortium of German, Canadian, American and Singaporean investors led by HOCHTIEF Concessions (75% -1 vote). Currently, the two terminals of the airport are home to 34 airlines, which transported nearly 8.2 million passengers to more than 90 destinations in 40 countries in 2010.
Budapest Airport’s goal is to become the leading airport in Central and Eastern Europe in terms of traffic growth and service quality. To this end, the company is undertaking significant investments in order to expand its capacities, and has committed to spending a total of 261 million euros (approximately 75 billion HUF) by the end of 2011 on developments. The most significant of these is the construction of the SkyCourt, a new terminal building linking Terminals 2A and 2B. The elegant, high-quality SkyCourt will provide an unforgettable architectural and travel experience, as well as a rich selection of shops and restaurants. The new terminal will make traveling through the airport simpler and more convenient, as well as expand throughput.
In 2011, Budapest Airport began a new project, the Cargo City development near Terminal 2, with 200 000 square meters of cargo storage areas and a logistics park due to be built in the first phase. Also in 2011, Budapest Airport commenced the planning and construction of a new engine test stand near the Lufthansa Technik hangar. The long-awaited environmental protection project will be accompanied by numerous other developments, whereby Budapest Airport is contributing to the implementation of a sustainable aviation development model.

How much would “Hungary” cost?

It’s been revealed that in the new constitution, the offical name of the country would change from Hungarian Republic to simply Hungary. A change to the current coat of arms of the country has also been mentioned.  This does not change much, according to a constitutional law expert, but the re-naming of the country would be an expensive  affair.  Crazy good times may lay ahead for painters and rubber stamp manufacturers.

To change out the coins alone, would bring a cost of HUF 30 Billion to the nation, but the chance of this is also minimal.  However, changing out all legitimations and documents would also cost billions of Forints. The Fidesz presidency is also afraid of these costs, and are therefore concidering financially easier solutions.

In symbolic cases, there’s no reason to be kidding, but in the case of renaming The Hungarian Republic to Hungary, there is a chance this will remain a thought experiment like the suggestion of giving additional voting rights after underaged children.

The country and the type of state is not the same – consitutionalist Daniel Mate Szabo starts out with.

Hungary has always been Hungary, the constitution determines the territory of the country, and the shape of the government excersising its powers over the people living there, and not the country.

According to the constitutionalist the naming “Hungarian Republic” is fortunate, because it expreses the state’s form. This logic is not unique: Within the European Union only the countries of Ireland and Romania, whom are both republics, don’t differ in their colloquial and offcial names, all the other member states’ names contain the state form.

With the constitution, the national assembly creates a new state, this can only be changed when the changes to the public law and depths of the transformation has been known, after the new constitution has been approved.