Vladivostok International Airport Acquired

It has been announced that Russian Vladivostok International Airport has been acquired by a consortium, including Basic Element, the Russian Direct Investment Fund (RDIF) and Changi Airports International (the investment arm of Changi Airport).

The consortium aims to ‘create a high-tech aviation facility’ to raise standards in the region and to create a key hub. Already, the consortium has begun to expand the airport’s route network, and believes that the location of the airport is ideal to become the ‘gateway between Russia and the Asia-Pacific’.

Changi Airports International CEO, Lim Liang said, ‘Together with our partners, RDIF and Basic Element, we will develop Vladivostok International Airport as one of the best air hubs in the region with strong air connectivity and top-class 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.’