Budapest Airport starts construction of a new European Gateway for air cargo
The Hungarian hub will expand its handling capacity to further develop its role as the leading gateway in the Central Eastern European region – as cargo throughput continues to grow significantly at the airport
Budapest, Hungary, Friday 21st September 2018 – Construction of Budapest Airport’s (BUD) new dedicated freight centre, Cargo City, part of the EUR160 million BUD:2020 Development Programme at the Hungarian hub, has begun.
The EUR32.6 million investment into a new 20,000 sq m cargo handling facility and new dedicated B747-8F freighter stands, will centralise cargo operations and expand the airport’s handling capacity to handle increasing air cargo volumes at BUD in the years to come.
After unprecedented cargo volume development of 39 per cent over two years, BUD processed a record 127,145 tonnes of cargo in 2017, and has seen a further 15.5 per cent increase in tonnage between January and August 2018 compared to the same period in 2017.
As part of the BUD:2020 Development Programme, Budapest Airport opened two state-of-the-art express facilities in 2017 with a total area of 16,000 sq m in order to supply increasing volumes from the express and e-commerce business.
“This is an exciting milestone for the Hungarian cargo community. Following on from our infrastructure developments for the integrator market, our aim is to provide the ideal environment for air cargo with our Cargo City project,” said René Droese, Executive Director Property and Cargo at Budapest Airport.
“With the start of AirBridgeCargo and Silk Way West Airlines services in 2018, we now have five freighter operators at BUD.
“Volumes from our existing full-freighter partners, such as Cargolux, Turkish Cargo, and Qatar Airways Cargo, are also increasing.
“The cargo connectivity of BUD is also continuously expanding via the new belly cargo services of LOT, American Airlines, and Qatar Airways, as well as Emirates, Air China, and Air Canada Rouge.”
President of the Hungarian Investment Promotion Agency (HIPA) Róbert Ésik added, “Hungary is the world’s seventh most popular investment destination, according to IBM’s Global Location Trends 2017 Annual Report.
“The Cargo City development at BUD supports and warmly welcomes the new investments in Hungary.”
Jost Lammers, CEO of Budapest Airport said, “Air cargo is of strategic importance to BUD, and Cargo City will ensure that we continue to provide our growing customer base with efficient, modern facilities, so that they can thrive in our booming catchment area.”
Budapest this summer welcomed Kuehne + Nagel to its cargo community and saw four new North American routes launched, connecting New York, Chicago, and Philadelphia in the USA, and Toronto, Canada to Budapest.
As part of ongoing investment in its cargo offering, the Central European hub will once again team up with its sister airports Düsseldorf and Hamburg, both in Germany, to take part in The International Air Cargo Association (TIACA)’s Air Cargo Forum in Toronto from the 16th to 18th October 2018.
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CLICK HERE to view a video simulation of Cargo City.
ABOUT BUDAPEST AIRPORT
Budapest Airport, Hungary, is a leading international air cargo hub servicing 45 airlines, with a throughput of 127,145 tonnes of cargo in 2017.
The Central European hub is expanding its freight facilities as part of its EUR160 million (HUF50 billion) BUD:2020 Development Programme.
Two new integrator buildings opened in the summer of 2017 measuring over 16,000 sq m.
A dedicated freight centre, called Cargo City, will be handed over in the fourth quarter of 2019, and will handle freighters operated by carriers including AirBridgeCargo, Cargolux, Silk Way West, Turkish Cargo, and Qatar Airways Cargo, as well belly cargo from other airlines, expanding the hub’s cargo handling.
Budapest Ferenc Liszt International Airport is owned by a consortium of Canadian (Caisse de dépôt et placement du Québec, 21.228 per cent) and Singaporean (Malton Investment Pte Ltd., 23.3334 per cent) investors led by AviAlliance GmbH (55.438 per cent).
For more information, please visit bud.hu