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AI Airports International Limited

EANS-News: AI Airports International Limited
AI Completes Deal to Restructures Investment in Parma Airport

St Helier, Jersey, Channel Islands (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Strategic management decisions
Jersey/Vienna July
28, 2010 - The Board of AI Airports International Limited (AI) 
announced today that it has completed a transaction to restructure 
its investment in SO.GE.A.P. - Aeroporto di Parma Società per la 
Gestione S.p.A., owner and operator of the Giuseppe Verdi Airport in 
Parma, Italy (Parma Airport). This transaction replaces all previous 
obligations of AI in the Parma Airport.
In exchange for the elimination of previous agreements, particularly 
in respect of future funding obligations, AI provided an additional 
EUR 15.5 million of equity to fund the current and future operational
and capital requirements of the Parma Airport.  As previously 
reported, these prior contingent investment obligations potentially 
totalled in excess of EUR 100 million.  AI also agreed to lend EUR 
4.5 million on commercial terms for the development of a possible new
terminal to service the expansion of the airport.
The new agreements with SO.GE.A.P. will allow AI to reinvigorate its 
efforts to sell its 68 % ownership in the Parma Airport. AI has 
commenced its efforts to do so with immediate effect.
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations and Public Relations
Metrum Communications
Mick Stempel
T: +43 1 504 69 87-385
M: m.stempel@metrum.at

Branche: Real Estate
ISIN: AT0000A053N4
WKN:
Index: other listings
Börsen: Wien / Third Market

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