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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alpha Airports | LSE:AAP | London | Ordinary Share | GB0000281328 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 109.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5981J Alpha Airports Group PLC 28 September 2006 Alpha Airports Group Plc ("Alpha" or "the Group") Signs ten-year #800m contract with Manchester Airport Alpha Airports Group Plc, one of the world's leading independent airport retailers, has signed a ten-year extension to its ongoing contract with Manchester Airport. The contract is expected to realise turnover in excess of #800 million, over the ten years. It involves the delivery of retail services in all three of Manchester's terminals, and will involve substantial investment and a range of innovative and dynamic changes to passenger shopping. Alpha will provide a unique platform to showcase international brands in addition to the ever-popular beauty, accessories, tobacco and liquor offerings. Alpha first started working with Manchester at terminal 1 in the 1970s and then opened stores in terminals 2 and 3 in 2001 and 2002. Peter Williams, Chairman and CEO of Alpha Airports Group, said: "This is one of the largest contracts in the UK airport sector and is a wonderful example of how a retailer and landlord can work together to create a step-change in the way services are delivered to consumers. Working together Alpha and Manchester Airport will set a new agenda for retailing at all airports." The ten-year contract active from1 April 2006, is for duty and tax free retail services at terminals 1, 2 and 3 (T1, T2 and T3). Alpha will make a capital investment of around #8 million to drive further revenues and turnover at the airport. A significant proportion of the capital will be invested throughout the first two years of the contract which will include doubling the retail floor space at T1 to 22,000 square feet and using innovative design and retailing methods to grow spend per passenger passing through all the terminals. Peter Williams added: "We are delighted to continue to work with Manchester Airport on plans to maximise retail flow and improve customer service. Travel retail has undergone significant change over the last ten years and we will be working together to provide a more sophisticated and targeted offering. There is a very small time window to engage with the travellers passing through the terminals, so we must have an experience in place which meets and exceeds their needs and expectations. Together with Manchester Airport, one of the fastest growing airports in the UK, we have the opportunity to create the blueprint for 'next generation' travel retail." Manchester Airport is working on some very innovative and forward thinking infrastructure designs for the airport. The development work includes the opening of a new store in T3 in April 2007 and the increase in the retailing area in T1 which is expected to be completed by April 2008. In addition to this expenditure Alpha will also be making further investment into the T2 store through the contract term in order to ensure a premium brand offer for the ever sophisticated consumer. Geoff Muirhead CBE, CEO, Manchester Airport Group, said: "This is a significant and important contract for Manchester Airport as it will reinforce its position as the hub airport for the north of England. Over the next four years we will reinvent retail and catering across all three terminals and our relationship with Alpha is crucial to these plans. Like us, Alpha has a real passion for delivering the best possible retail solutions, which will benefit everyone using the airport." 28 September 2006 Enquiries: Alpha Airports Group Plc 020 8580 3200 Peter Williams, Chairman & Chief Executive www.alpha-group.com Tim Redburn, Finance Director College Hill 020 7457 2020 Kate Pope/Mark Garraway Notes to editors Alpha Airports Group Plc is one of the world's leading aviation support services companies, providing retailing and catering services for airlines and airports. Alpha's 6,900 staff service over 100 airlines worldwide and operate from over 200 outlets at 83 airports in 15 countries. Alpha Retail offers purpose-designed retail and catering services for airports. Alpha Airport Shopping and Alpha Tax and Duty Free provide a range of consumer brands at value prices to 21 airports across the UK, Europe, USA and Asia. World News (confectionery, tobacco and news), Glorious Britain (destination merchandise) and Zinq (accessories) are specialist stores operating at 25 airports in the UK, Europe and USA. Alpha Retail offers restaurant, cafe and bar services at 22 airports in the UK, Europe and Middle East. This information is provided by RNS The company news service from the London Stock Exchange END CNTAKOKKCBKDDCB
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