This article may contain excessive or inappropriate references to self-published sources. (December 2022) |
Vantage Group (or Vantage, formerly known as Vantage Airport Group, and/or Vancouver Airport Services or YVRAS) is an airport management, development and investment company with 13 airports in Canada, the United States, Cyprus, The Bahamas and Jamaica.[1]
 | |
| Founded | Vancouver, British Columbia, Canada (1994) |
|---|---|
| Headquarters | Vancouver, British Columbia, Canada New York, New York, USA |
Number of locations | 13 airports |
Key people | George H. Casey CEO and Chair |
| Services | Airport manager, investor and developer |
| Subsidiaries | North Peace Airport Services Limited Tradeport International Corporation Kamloops Airport Limited Vantage Airport Group (New York) |
| Website | vantagegroup |
History
editVantage Group (Vantage), formerly known as Vantage Airport Group, was formed in 1994 as Vancouver Airport Services (YVRAS), a subsidiary of Vancouver Airport Authority. Vancouver Airport Authority and Vantage Group have a strategic partnership agreement that allows for the sharing of best practices and expertise.[1] YVRAS was part of a consortium that was going to privatize Midway Airport in Chicago. In April 2009 the deal fell through.[2]
Vantage led the LaGuardia Gateway Partners consortium bid to operate and redevelop LaGuardia Airport's Terminal B. On May 28, 2015, the Port Authority of New York and New Jersey voted to move forward on the Central Terminal Building Redevelopment Project, announcing LaGuardia Gateway Partners as preferred proposer.[3]
On June 1, 2016, LaGuardia Gateway Partners assumed the lease of Terminal B, commencing a $5.1B terminal redevelopment plan, the largest aviation infrastructure P3 in the U.S.[4]
In March 2018, Vantage and RXR Realty were selected by JetBlue Airways[5] as the preferred development partner for the airline's terminals at John F. Kennedy International Airport (JFK).
Vantage is wholly owned by Corsair Capital Infrastructure Partners. On February 4, 2019, Corsair announced the closing of a fundraising initiative for Vantage.[6]
JetBlue Technology Ventures announced on April 25, 2019 that Vantage had joined its International Partnership Program to scout new startups and technologies to improve the travel experience.[7]
Airports
editVantage provides management services to various airports owned by Vantage or via a consortium:
- United States
- LaGuardia Airport, Queens, New York
- responsible for operations and redevelopment of Terminal B
- LaGuardia Airport, Queens, New York
- Midway Partnership, Midway Airport, Chicago
- a consortium (composed of Vantage, SSP America, Hudson Group) responsible for operations and redevelopment of Midway's concessions program
- Canada
- North Peace Regional Airport, Fort St. John, British Columbia
- owned via North Peace Airport Services Limited
- John C. Munro Hamilton International Airport, Hamilton, Ontario
- acquired through purchase of Tradeport International Corporation 2007
- Kamloops Airport, Kamloops, British Columbia
- owned via Kamloops Airport Limited
- Greater Moncton Romeo LeBlanc International Airport, Moncton, New Brunswick
- North Peace Regional Airport, Fort St. John, British Columbia
- Caribbean
- Sangster International Airport, Montego Bay, Jamaica
- Lynden Pindling International Airport, Nassau, The Bahamas
- Europe
- Larnaka International Airport, Cyprus
- Paphos International Airport, Cyprus
In 2006 the then Vancouver Airport Services was part of a French-led group, Hermes Airports, that won a tender to upgrade Larnaca International Airport and Paphos International Airport.
See also
editReferences
edit- ^ a b "Homepage | Vantage". www.vantageairportgroup.com. Retrieved 2016-11-16.
- ^ Oneal, Michael; Mihalopoulos, Dan; Johnsson, Julie (2009-04-21). "Midway Airport deal falls apart: Consortium can't borrow cash needed to finance deal". Chicago Tribune. Archived from the original on March 4, 2016. Retrieved 2009-04-25.
- ^ "Press Release Article - Port Authority of NY & NJ". www.panynj.gov. Retrieved 2016-11-07.
- ^ "P3 - LaGuardia Airport Terminal B". lgacentralb revised. Retrieved 2020-02-05.
- ^ Berger, Paul (2018-03-26). "JetBlue Selects Developer for Proposed JFK Expansion". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-02-05.
- ^ "Corsair Infrastructure Partners Announces New Fund's Acquisition of Vantage Airport Group". www.businesswire.com. 2019-02-04. Retrieved 2020-02-05.
- ^ "JetBlue Technology Ventures Announces Vantage Airport Group As New Innovation Partner". www.businesswire.com. 2019-04-25. Retrieved 2020-02-05.
- ^ Campion-Smith, Bruce; MacCharles, Tonda (2009-04-21). "B.C. firm linked to airport". Toronto Star. Toronto Star Newspapers Ltd. Retrieved 2009-04-25.
- ^ Chung, Andrew (2009-04-22). "Workers 'followed procedures' in allowing hijacker on plane". Toronto Star. Toronto Star Newspapers Ltd. Retrieved 2009-04-25.
 | This Canadian transportation corporation or company article is a stub. You can help Wikipedia by expanding it. |
 | This aeronautical company–related article is a stub. You can help Wikipedia by expanding it. |