Munich Airport International (MAI), a wholly-owned subsidiary of Munich Airport, and CAG Holdings (CAG), The Carlyle Group’s global airport investment platform, have announced the formation of Reach Airports LLC – a USA-based joint venture to offer training, consulting and management services to the aviation sector in the USA, Canada and Mexico.
Reach Airports combines the strengths of both parties – the airport investment background of CAG with the operational management expertise of Munich Airport. The formation of Reach Airports builds upon an existing partnership between CAG and MAI for airport development opportunities globally, most notably the redevelopment of Terminal One at New York’s JFK International Airport.
“Together with our partner CAG, we look forward to providing excellent services to a market that demands significant airport improvements,” stated Dr Ralf Gaffal, managing director of Munich Airport International.
“We are excited to bring our proven long-term operational and commercial experience developed at airports around the world to North America.”
Amit Rikhy, president and CEO of CAG, added, “Airports are the economic engines for our regions and cities, and any improvements must reflect the community’s interests while providing new opportunities for growth and career development for local residents.
“We are excited to partner with Munich Airport to reimagine the airport customer experience in close collaboration with local communities and public authorities across the continent.”