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The Incheon International Airport Corp. is expanding its management consulting business for airports overseas as a new income source.
The operator of the nation’s main international gateway said Wednesday it won the fourth consulting project in Indonesia for 3.09 billion won ($2.61 million) from Indonesia’s second airport operator PT Angkasa Pura II.
“Under the deal, IIAC will develop the commercial area at the third terminal at Jakarta Soekarno-Hatta International Airport by Aug. 2017,” the state-run company said in a press release.
The Korean airport operator said it gained a higher score in the bid than global management consultancies, including Boston Consulting Group and Price Waterhouse Coopers Consulting, thanks to its strong track record in the airport management consulting business.
The PT Angkasa Pura II allegedly was impressed by the business success of the commercial area at the Juanda International airport in Surabaya, Indonesia, where AIIC also supported in development.
“The company will seek the best result in the latest consulting project in Indonesia and so grow together with Indonesia’s airport industry,” AIIC CEO Park Wan-su said.
He added that as the world’s best airport service provider, the company would spur the growth of its global business beyond its home turf.
In its new business, the Incheon Airport has experiences to work with more than 20 different airports in 11 countries.
As a key contract of the year, the company underlined the deal to provide advisory services to the Istanbul Grand Airport under construction that it won last month for 12.9 billion won. The IIAC jointly developed the project through an international partnership with Copenhagen Airports International of Denmark.
By Seo Jee-yeon (jyseo@heraldcorp.com)
