France to Reconsider Fourth Terminal at Paris Charles de Gaulle Airport

French Junior Minister for Transport Jean-Baptiste Djebbari arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. REUTERS/Benoit Tessier
French Junior Minister for Transport Jean-Baptiste Djebbari arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. REUTERS/Benoit Tessier
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France to Reconsider Fourth Terminal at Paris Charles de Gaulle Airport

French Junior Minister for Transport Jean-Baptiste Djebbari arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. REUTERS/Benoit Tessier
French Junior Minister for Transport Jean-Baptiste Djebbari arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. REUTERS/Benoit Tessier

The French government will reconsider plans to build a fourth terminal at Paris Charles de Gaulle airport because of the coronavirus crisis, Transport Minister Jean-Baptiste Djebbari said.

State-owned airport operator ADP plans to build a fourth terminal at CGG-Roissy with a capacity of 35 to 40 million passengers per year, but green activists and local towns are fighting it and the fall in traffic due to COVID-19 has raised doubts about its viability.

"The project to receive 40 million more passengers by 2030 is probably no longer justified as it was planned," Djebbari said on Europe 1 radio.

He said French airports would still need investment for upgrades and would have to make sure that new types of planes, such as hydrogen-powered planes, can land.

"The problem of T4 will be reviewed in depth, that is the reality," Djebbari said, adding that he has discussed the issue several times with ADP chief Augustin de Romanet.

Djebbari said the virus crisis had cut traffic at French airports to about 40% of pre-crisis levels, with slightly more traffic on domestic lines and a bit less on long-distance lines.

"Traffic is restarting very gradually. We will see in September whether business clients return, that will give an indication for the end of the year and next year," he said.

Djebbari, a former airline pilot, added that depending on this outlook, projects for airports and will have to be adjusted and airlines will have to adapt their offer.

ADP said on Monday passenger traffic could take as long as seven years to recover completely from the crisis.

First-half traffic at CDG and Orly combined fell by 62% to 19.8 million passengers.

French media have estimated terminal 4 would cost 7 to 9 billion euros.

A government-organised citizens' consultation about climate change has advised to ban all new airport construction.



Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month
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Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi-based MAIR Group, an investment firm active in sectors including food retail and commercial real estate, said on Thursday it would list on the local bourse next month.

The company, which operates over 100 stores in the United Arab Emirates (UAE) under the ADCOOP and SPAR brands, said in a statement the listing on the Abu Dhabi securities exchange (ADX) would take place on Dec. 9.

It did not disclose the amount of stock shareholders and employees plan to sell through the so-called direct listing, which takes place when a company offers shares to the public without going through a bank-backed initial public offering, Reuters reported.

As MAIR prepares to list "we are ready to amplify our impact, strengthen our foundations, and invite stakeholders to join our journey," Managing Director and CEO Nehayan Al Ameri said.

MAIR, which also manages more than 12 shopping centers through its commercial real estate division, booked revenues of 1.2 billion dirhams ($326.7 million) in the first half of 2024.

Last year, it distributed 135 million dirhams in dividends, equal to 12.11% of the share capital, to its over 12,000 shareholders.