Vancouver_Airport_Services

Vantage Airport Group

Vantage Airport Group

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Vantage Airport Group (or Vantage, formerly Vancouver Airport Services or YVRAS) is an airport management, development and investment company with 10 airports in Canada, the United States, Cyprus, The Bahamas and Jamaica.[1]

Quick Facts Founded, Headquarters ...

History

Vantage Airport Group (Vantage) was formed in 1994 as Vancouver Airport Services (YVRAS), a subsidiary of Vancouver Airport Authority. Vancouver Airport Authority and Vantage Airport Group have a strategic partnership agreement that allows for the sharing of best practices and expertise.[1] YVRAS was part of a consortium that was going to privatize Midway Airport in Chicago. In April 2009 the deal fell through.[2]

Vantage led the LaGuardia Gateway Partners consortium bid to operate and redevelop LaGuardia Airport's Terminal B. On May 28, 2015, the Port Authority of New York and New Jersey voted to move forward on the Central Terminal Building Redevelopment Project, announcing LaGuardia Gateway Partners as preferred proposer.[3]

On June 1, 2016, LaGuardia Gateway Partners assumed the lease of Terminal B, commencing a $5.1B terminal redevelopment plan, the largest aviation infrastructure P3 in the U.S.[4]

In March 2018, Vantage and RXR Realty were selected by JetBlue Airways[5] as the preferred development partner for the airline's terminals at John F. Kennedy International Airport (JFK).

Vantage is wholly owned by Corsair Capital Infrastructure Partners. On February 4, 2019, Corsair announced the closing of a fundraising initiative for Vantage.[6]

JetBlue Technology Ventures announced on April 25, 2019 that Vantage had joined its International Partnership Program to scout new startups and technologies to improve the travel experience.[7]

Airports

Vantage provides management services to various airports owned by Vantage or via a consortium:

In 2006 the then Vancouver Airport Services was part of a French-led group, Hermes Airports, that won a tender to upgrade Larnaca International Airport and Paphos International Airport.

See also

References

  1. [1]
    "Homepage | Vantage". www.vantageairportgroup.com. Retrieved 2016-11-16.
  2. [2]
    Oneal, Michael; Mihalopoulos, Dan; Johnsson, Julie (2009-04-21). "Midway Airport deal falls apart: Consortium can't borrow cash needed to finance deal". Chicago Tribune. Retrieved 2009-04-25.
  3. [3]
    "Press Release Article - Port Authority of NY & NJ". www.panynj.gov. Retrieved 2016-11-07.
  4. [4]
    "P3 - LaGuardia Airport Terminal B". lgacentralb revised. Retrieved 2020-02-05.
  5. [5]
    Berger, Paul (2018-03-26). "JetBlue Selects Developer for Proposed JFK Expansion". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-02-05.
  6. [6]
    "Corsair Infrastructure Partners Announces New Fund's Acquisition of Vantage Airport Group". www.businesswire.com. 2019-02-04. Retrieved 2020-02-05.
  7. [7]
    "JetBlue Technology Ventures Announces Vantage Airport Group As New Innovation Partner". www.businesswire.com. 2019-04-25. Retrieved 2020-02-05.
  8. [8]
    Campion-Smith, Bruce; MacCharles, Tonda (2009-04-21). "B.C. firm linked to airport". Toronto Star. Toronto Star Newspapers Ltd. Retrieved 2009-04-25.
  9. [9]
    Chung, Andrew (2009-04-22). "Workers 'followed procedures' in allowing hijacker on plane". Toronto Star. Toronto Star Newspapers Ltd. Retrieved 2009-04-25.



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