
SZG wants to invest in the expansion: the supervisory board postpones the decision
Revenues are in the basement because of the CoV crisis, but at the same time the management wants to invest in the expansion of the airport. Yesterday the supervisory board of Salzburg Airport met to decide on the investment needs. The Corona crisis hit aviation with full force. Air traffic is recovering very slowly and has since practically come to a standstill. The airports are only kept afloat by cash injections. Nevertheless, the management team wants to invest 100 million euros in the next few years to modernize the airport. Among other things, the plans include completely rebuilding Terminal 1, which houses the arrival and departure areas. Parts of the complex, which consists of 16 individual buildings, are more than 50 years old, reports the Kurier. But no final decision could be made today. This is now to be made in June. In view of the upcoming investments, it is quite possible that the owners will have to pump money into the project, says Supervisory Board Chairman Christian Stöckl: "At least as far as large investments are concerned." Supervisory Board member and SPÖ deputy mayor Bernhard Auinger can also imagine subsidies from the owners. Selling the land could cover half of the required investments. He also brings another financing option into play: selling a property. A potential buyer has already been found. Österreichische Post AG has been looking for building land for a new distribution center for some time - and is now desperate. This is proving to be quite difficult in the Salzburg area. With a sale, Salzburg Airport could therefore cover half of the planned investments. An area








