PERSONS RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT
SELECTED FINANCIAL INFORMATION
INFORMATION ON THE COMPANY
REAL ESTATE ASSETS AND FACILITIES
REVIEW OF THE FINANCIAL POSITION AND INCOME
EQUITY AND CASH FLOWS
© Aéroports de Paris/Laboratoire.
2017 was also the year of the 52 nd edition of the International Air and Space Show, which welcomed 322,000 visitors. Finally, Paris-Le Bourget airport is a major arm of the Group’s real estate business and a significant share of the real estate revenues of Paris- Le Bourget airport are closely linked to business aviation. Regulatory constraints To cut down on aircraft noise pollution for local communities, jet aircraft take-offs, the use of reverse thrust systems and the use of runway 2 by aircraft exceeding 5.7 tonnes are prohibited between 10.15 pm and 6 00 am. The business aviation market Business aviation is a professional tool used by companies as well as individuals in three complementary forms: ◆ commercial business aviation: independent transport companies provide an on-demand “air-taxi” service, supplying aircraft and crew for the duration of the flight. The cost of the flight depends on the type of aircraft and the amount of flight time; ◆ time-share aviation: a company buys a share in an executive jet, corresponding to a certain amount of annual flight time; ◆ corporate aviation: a company owns its own fleet of aircraft and employs its own crews for its exclusive needs. Paris-Le Bourget airport offers several advantages for business travellers: ◆ fast boarding and deplaning, thanks to the optimisation of transfer procedures between aircraft and ground transportation;
Description of the airport Located 7 kilometres north of Paris on a site covering 553 hectares, Paris- Le Bourget airport is the largest business airport in Europe. It has three runways and aircraft parking areas that enable it to handle all types of aircraft, up to the Airbus A380. Paris-Le Bourget is also an important aeronautics industry centre: around 30 buildings host nearly 100 aircraft maintenance, equipment and fitting companies and aeronautical services. The 70 companies on the site provide more than 3,500 direct jobs in operations, maintenance, services, and even culture, with the Museum of Air and Space and the Gagosian Art Gallery, which opened in October 2012. In 2017, the number of aircraft movements totalled 54,177, up 2.2% compared with 2016. The airport has been involved in a massive modernisation and growth plan for many years. In 2017, the airport saw the continuation of its development plan with: ◆ preliminary studies for the establishment of the “Le Bourget Aéroport” station in the airport area, as part of the line 17 project of Grand Paris Express; ◆ completion of the studies for setting up a training centre for the aviation business with the objective of opening it in September 2017; ◆ the conversion of the aviation safety certificate under European law, backed by a programme of works on the airport’s infrastructure. Many projects continued to be implemented, including Keybrid and Flight Safety. At the end of 2017, Groupe ADP and André Chenue (subsidiary of the Horus Finance group) signed a construction lease commitment and an off-plan lease commitment to set up an Art conservation centre at Paris-Le Bourget airport.
AÉROPORTS DE PARIS REGISTRATION DOCUMENT 2017
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