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As previously published by Monaco Life, the Principality plans to invest €150 million in the privatisation of Nice airport. The award has already been made to an Italian-led consortium, but Monaco is keen to be involved, and according to initial reports, the deal would like to see the hub renamed as Nice-Monaco or Nice Monte-Carlo.
Italian airport and motorway operator Atlantia and France’s EDF Invest were the winning bidders in the privatisation of a 64 percent stake in Nice airport, which could bring €1.22 billion to French state coffers.
Monaco plans to buy five percent of the airport’s capital – equivalent to 12 percent of the consortium’s stake, BFMTV cited the Monaco government as saying.
Finance Minister Jean Castellini told Reuters by email Tuesday that discussions “have intensified and should lead to an agreement” although changing the the name was “not an issue and is not part of the negotiations”.
Nice Côte d’Azur is set to reopen flights to nine European cities in June as the airport initiates a progressive resumption of flights within the week.
EasyJet has begun offering flights between the UK and Nice from 15th June, starting with a tentative schedule of three flights a week to Gatwick only, ahead of a more normal schedule in July.
The founder of A&K speaks about the race to bring home travellers when Covid-19 hit, what people should be considering in future adventures, and why 2021 will be the year of the bucket list.
France will reciprocate the UK’s two-week quarantine when it starts on 8th June, however it will be on a voluntary basis.