Munich Airport International (MAI) and CAG Holdings (CAG) announced the formation of Reach Airports LLC – a U.S.-based joint venture to offer training, consulting and management services to the aviation sector in the U.S., Canada, Mexico.
Reach Airports combines the strengths of both parties – the airport investment background of CAG with the operational management expertise of Munich Airport. The formation of Reach Airports builds upon an existing partnership between CAG and MAI for airport development opportunities globally, most notably the redevelopment of Terminal One at New York’s JFK International Airport. The combination of a strong financial investor joining forces with Europe’s best airport to transform the customer experience at JFK represents a milestone in the North American aviation sector.
MAI, the international business arm of Munich Airport, Europe’s only 5-star airport, will continue to expand its global business activities through the creation of Reach Airports. “Together with our partner CAG, we look forward to providing excellent services to a market that demands significant airport improvements,” states Dr. Ralf Gaffal, Managing Director of Munich Airport International. “We are excited to bring our proven long-term operational and commercial experience developed at airports around the world to North America.”
CAG, which is a portfolio company of the Carlyle Global Infrastructure Opportunity Fund, is led by an experienced U.S.-based management team. With its deep roots in the North American market, CAG acknowledges the importance of working with diverse stakeholders at the local level. “Airports are the economic engines for our regions and cities, and any improvements must reflect the community’s interests while providing new opportunities for growth and career development for local residents,” explains Amit Rikhy, President & CEO of CAG. “We are excited to partner with Munich Airport to reimagine the airport customer experience in close collaboration with local communities and public authorities across the continent.”
