FOR CITY AIRPORT
Client
Subang SkyPark
Products & Services
•Asset Development Plan
•Strategic Business Planning
“Airport is a special class of built asset that requires a strategic facilities management plan which think from an unique perspective”
Description of Project
Client
The Client is the concession holder of a city airport and the lease holder of land for the airport and surrounding ecosystem.
The Client is responsible for the operations of the airport, including the terminal, runway and an aviation hub which house various aircraft services.
•
Background
In light of the low revenue of the businesses in recent years, the client wanted to explore alternatives use of the spaces and facilities within the airport areas which will bring more sustainable revenue.
Challenges & Expectations
Although the city airport is situated near city center with great accessibility, the maximum handling capacity was rather limited. Besides, the smaller runway only can cater for smaller aircrafts.
These factors had impeded the passenger traffic and revenue of the airport for years.
Hence, the Client is desirous to craft a built asset strategy that will help them better leverage of the existing facilities to generate more sustainable revenue.
Our Role on the Project
Scope of Services
Our scope mainly covers the areas below:
•Positioning – to determine the market trend and identify the opportunities
•Business & Operations – understanding the issues, business structure, and develop operations strategy & implementation plan
•Financial Optimization – dive deep at the revenue stream and operational expenses to capture the opportunities for optimization
•Transaction Advisory – valuation & investment memorandum
Solutions / Outcomes Delivered
•Creation of a strategic vision and asset development plan for the Airport, including corporate structure, aviation strategy, asset strategy and commercial (non-aviation) development
•Identified retail and commercial, potential uplift of US$15million revenue annually
•Determined additional revenues from advertising and media opportunities
