News

Albania's airport sold to a Hong Kong-based joint venture

TIRANA, Albania – Albania’s Tirana International Airport has been bought by Hong Kong-based China Everbright and Friedmann Pacific Asset Management.

According to a statement emailed to The Associated Press on Tuesday by China Everbright, the two companies have created a joint venture, Keen Dynamics Limited, or KDL, that has signed an agreement with the airport’s concessionary developer and operator.

No details of the deal were provided given.

Since 2005 Tirana International Airport has been managed and operated by a private consortium called Tirana International Airport, or TIA, with a 20-year concession.

TIA’s spokeswoman Arlinda Causholli said “there is no official announcement from the TIA shareholders.”