Japan Airport Terminal (JAT) will take a controlling stake in the consortium that operates the international terminal at Tokyo Haneda International airport in late April.
The company plans to raise its stake in Tokyo International Air Terminal (TIAT) from 38.8% to 51% by subscribing to a new equity issue by the consortium.
The issue will help finance planned expansion of the international terminal, which the Japanese government is in consultation on.
JAT operates the domestic terminals at Haneda, and states that taking control of TIAT will give it greater strength by “leveraging hub functions for domestic and international flight networks, which are Haneda’s major advantage”.
The acquisition of the additional shares is expected to take place on 27 April.
JAT also provides management services and operates duty free and other retail operations at Haneda’s international terminal.
Source: Cirium Dashboard