Airport retail developer Airmall USA, celebrating 25 years in business in North America, is changing its corporate name to Fraport USA, effective immediately. Fraport USA is a wholly-owned subsidiary of Fraport AG Frankfurt Airport Services Worldwide, the global airport company based in Frankfurt, Germany. Fraport acquired 100% of U.S-based AMU Holdings Inc – owners of Airmall […]
North America
ACI-NA: U.S. Airport Infrastructure Needs Near $100 Billion
Airports Council International – North America (ACI-NA) President and CEO Kevin M. Burke has called for immediate action to improve U.S. airport infrastructure following the release of a “D” rating for the state of America’s aviation infrastructure by the American Society of Civil Engineers (ASCE), on March 9. Burke’s call to action comes just two […]
North America airport retailing market forecast to reach $9.9 billion by 2020
New market research forecasts that the North America airport retailing market is expected to grow from $4.15 billion in 2015 to $9.90 billion by 2020. MicroMarket Monitor, a market research firm based in India, has issued a report forecasting that the North America airport retailing market will grow at compound annual growth rate (CAGR) of […]
ALFA Brands takes on Nishi Pearls for TR North America
ALFA Brands has been appointed the Duty Free/Travel Retail Agent for Nishi Pearls, an international jewelry brand with offices in Hong Kong, Montreal and the USA. Nishi Pearls’ designs are available in a range of sizes, natural colors, and shapes, and the company has entered several new collaborative ventures, including one with Maple Leaf Diamonds […]
LAGARDERE TRAVEL RETAIL BUYS US TRAVEL RETAILER PARADIES
Lagardère Travel Retail announces the signing of an agreement for the acquisition of North America airport travel retail leader Paradies, from Freeman Spogli & Co, the Paradies family and other shareholders. Combining Lagardère Travel Retail in North America with Paradies would create a new major player in the North American industry, covering most of the […]
Delta unveils $229m refurbishment of LAX Terminal 5
Delta Air Lines in partnership with Los Angeles World Airports (LAWA) and the City of Los Angeles unveiled the completion of a three-year terminal-wide $229-million refurbishment of Los Angeles International Airport’s Terminal 5 last week on June 10. The Delta refurbishment includes four additional security screening points, an expanded ticketing lobby, a new baggage claim, […]
Brown-Forman celebrates record 2014 fiscal results
Brown-Forman Corporation is celebrating one of the company’s most successful years in its 144- year history. During the company’s regularly scheduled annual meeting of shareholders on July 24, Paul Varga, chairman and CEO, discussed the company’s strong performance in fiscal 2014 and over the last decade. He noted that Brown-Forman’s underlying operating income growth […]
ACI, IATA, CANSO, ICAO convene to discuss risks
Following the downing of Malaysia Airlines Flight MH17, the International Civil Aviation Organization (ICAO), the International Air Transport Association (IATA), Airports Council International (ACI) and the Civil Air Navigation Services Organisation (CANSO), held a high level meeting last week in Montreal to jointly express their strong con- demnation of the use of weapons against civil […]
