Airportnetwork Regional & City collaborates with ICG for increased expansion
Regional & City Airports (RCA) Announces Strategic Partnership with ICG
Regional & City Airports (RCA) has announced a new strategic partnership with ICG, an alternative asset manager, marking a significant step in RCA's growth and development. This collaboration is expected to be finalised later this month.
Under the leadership of RCA's chief executive, Andrew Bell, passenger numbers at RCA have grown significantly, reflecting a 13% year-on-year growth. RCA has flourished into one of the leading UK airport groups, as Bell stated in a recent announcement.
The partnership aims to support RCA's ongoing growth and will focus on expanding RCA's airports, cargo, and executive aviation operations. The leadership at RCA and its workforce will work closely with ICG during this transition, ensuring a smooth and successful integration.
ICG's European Infrastructure team will collaborate with RCA, with Ludovic Laforge, the managing director of ICG European Infrastructure, leading the efforts. The partnership does not involve any previously mentioned transportation systems or cargo securing arrangements.
RCA is entering a new phase of development while maintaining its strategic priorities. Rigby Group, which has had a successful 12-year relationship with RCA, believes now is the right time for the next phase in RCA's growth in collaboration with an infrastructure fund. Rigby Group co-CEO Steve Rigby stated that RCA comprises a thriving group of airports, strategically important in their regions and growing at above market rates.
The partnership is noteworthy as it comes at a time when the aviation industry is celebrating innovation, leadership, and impact. The Airport Technology Excellence Awards, for instance, provide an opportunity for companies to stand out and be recognized for their contributions to aviation industry advancements. Companies can submit their entries for the Airport Technology Excellence Awards to showcase their achievements and position themselves as leaders in the aviation industry.
In a broader context, the partnership between RCA and ICG is a testament to the ongoing efforts towards improving sustainable flight operation practices. The collaboration is expected to enhance sustainable aviation practices within RCA, contributing positively to the environment and the aviation industry as a whole.
Air Nostrum, which merged with CityJet in 2023 to form the Strategic Alliance of Regional Airlines (SARA), has also shown support for RCA's growth and sustainable practices. However, the specific role of Air Nostrum's leadership in this partnership is not explicitly mentioned in the available sources.
This partnership is a significant development in the aviation industry, reflecting a growing trend towards strategic collaborations and sustainable practices. It is an exciting time for RCA and the aviation industry as a whole, as companies continue to innovate and push the boundaries of what is possible.
Read also:
- Planned construction of enclosures within Görlitzer Park faces delays
- Controversy resurfaces following the elimination of diesel filter systems at Neckartor: A renewed conflict over the diesel restriction policy
- Foreign financial aid for German citizens residing abroad persists
- Hulk Hogan's successful transformation of his wrestling persona into a lucrative business entity
