Sofia Airport sentenced by the ICC International Court of Arbitration to pay

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Todd is Back

Active Member
Feb 22, 2012
750
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Langley Canada
#1
Sofia Airport will have to pay dearly for a contract dispute with a Kuwaiti consortium who built its newest runway. As a result Sofia's Airport resources for future development will be greatly affected. Bulgarian Government is considering launching a bid to contract out trough concession, operations at Sofia and Balchick airports. Some German and Arab investors seem to be interested.

On a note related to this news, I think Blue Air is currently on the fence watching close the outcome of a decision in this matter before announcing its intention of launching flights out of Bulgaria. 8)

http://www.novinite.com/view_news.php?id=137433