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Airport valuations claw back some lost ground, but still not back to pre-2018 levels
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Airport valuations claw back some lost ground, but still not back to pre-2018 levels
There was a time, long, long ago, when investing in airports was all the rage, largely driven by the advent of the 'low-cost' airport' (where 'low-cost airlines' operated), conversions of military facilities into commercial ones, and the advent of the hub-and-spoke system, which ultimately conquered the world after emerging out of US deregulation in 1978 and thereby attracting big league investors like investment funds, private equity and sovere…
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