Airports

Selected Sullivan & Cromwell infrastructure matters dealing with airports include:

• St. Louis Lambert International Airport, in which S&C is representing a bidding consortium for the long-term concession.
• Luis Muñoz Marín Airport in San Juan, Puerto Rico, in which S&C represented the consortium of GS Infrastructure Partners and Fraport in a potential bid for a long-term concession at the airport.
• Chicago Midway International Airport, in which S&C represented GS Global Infrastructure Partners on its participation in a consortium led by Hochtief to consider a bid for the airport’s concession.
• Nice Côte d’Azur Airport, in which S&C represented EDF Invest in its $1.355 billion acquisition together with Atlantia of a 60 percent stake in the airport. S&C also represented EDF Invest in its agreement with Atlantia SpA and the Principality of Monaco, under which the Principality will acquire a stake in Azzurra Aeroporti, the majority shareholder of the Aéroports de la Côte d’Azur.
• British Airways terminal at John F. Kennedy International Airport, in which S&C advised on concession and financing work.
• Airport projects in Philadelphia and Houston, in which S&C advised the municipal authorities in financings of the projects.
• Greensboro-High Point Airport Authority, in which S&C advised the bond underwriters in the terminal project.
• Chicago O’Hare Airport and Tulsa Municipal Airport, in which S&C advised The Bank of New York in a number of industrial revenue bonds including financings for O’Hare and Tulsa Municipal.
• Aeropuertos Argentina 2000 consortium, in which S&C advised its U.S. partner of the consortium that purchased the concession to operate the facilities of 33 Argentine airports on the concession contract.
• Aéroports de Paris (France), in which S&C advised Schiphol Group (Netherlands) in its $668 million investment for an 8 percent stake in the majority-French-state-owned, Paris-based owner and operator of airports.
• British Airports Authority, in which S&C represented British Airways on legal issues arising from the creation of the privatized authority.
• Auckland International Airport’s privatization, in which S&C advised the government of New Zealand and Auckland International Airport. The privatization included a $96 million Rule 144A offering and a $215 million Rule 144A offering.
• Sydney Airport Finance’s $900 million and $500 million Rule 144A/Reg. S offerings of guaranteed senior secured notes, in which S&C represented the underwriters. Sydney Airport Finance is a wholly-owned subsidiary of Southern Cross Airports Corporation Holdings, which operates the Sydney (Kingsford Smith) Airport under a long-term lease granted by the Australian federal government.