France’s Groupe ADP Strikes $267 Million Deal for Queen Alia International Airport Operator

A consortium led by French airports operator Groupe Aeroports de Paris (ADP) said it has signed a $267 million deal to take control of Airport International Group (AIG), the company that runs Jordan’s Queen Alia International Airport (QAIA).

“Groupe ADP signed … a contract to take exclusive control of Airport International Group, concessionaire of Queen Alia International Airport in Amman, Jordan,” ADP said in a statement. “This transaction results in an investment of $267 million for Groupe ADP.”

The consortium also includes Meridiam, ASMA Capital Partners B.S.C. (c), acting in its capacity as investment manager for IDB Infrastructure Fund II and Edgo, ADP said, adding the “completion of the transaction is subject to suspensive conditions including the Jordanian government and AIG’s lenders consents.”

AIG confirmed the deal, but could not give further details.

ADP, which runs Paris-Charles de Gaulle Airport, has owned a 9.5 percent stake in AIG via a subsidiary since 2007, when AIG was awarded a 25-year contract to run and rehabilitate QAIA. The public-private partnership centered on an $850 million plan to expand and upgrade the airport’s infrastructure.

The airport dealt with a record number of passengers during 2016. Annual passenger traffic rose 4.4 percent to just over 7.4 million. Aircraft movement rose 2.8 percent to 73,784, while cargo traffic edged up 0.5 percent to 101,172 tons.

QAIA was also voted the best airport in the Middle East at the Airport Quality Service Awards for both 2015 and 2016.