Iberia invests in cargo terminal
09 / 03 / 2011
IBERIA will build a 39,000m2 cargo terminal at the Madrid-Barajas airport in Spain.
With support from national airport and traffic control authority Aena the €100 million (US$138 million) facility will be situated between runways 15 and 33 and near the apron of the T4 satellite building, which is used for most Latin American flights.
Iberia’s bill of €60 million ($83 million) and Aena’s €40 million ($55 million) will make the Madrid-Barajas airport Europe’s largest hub for air cargo to and from Latin America.
The commissioning of the new terminal in 2015 is expected to create 400 direct jobs and up to another 1,000 indirect posts in other services.
In 2010 the Madrid-Barajas cargo terminal handled more that 373,000 tonnes of freight, a 23.3 per cent increase from the previous year.
The new terminal is expected to lead to strong growth in Iberia’s cargo handling business in the 2015-2030 period, tripling the 175,000 tonnes to some 650,000 tonnes by 2030.