Ulaanbaatar, Mongolia, July 2, 2021 – (JCN Newswire) – Mitsubishi Corporation (MC), Narita International Airport Corporation (NAA), Japan Airport Terminal Co., Ltd. (JAT) and JALUX Inc. (JALUX) are pleased to announce that the new Ulaanbaatar International Airport (official name: Genghis Khaan International Airport) will be officially opened to the public on July 4, 2021. The new airport will be operated by the joint venture of the partners with the Mongolian government which was established in 2019 Under its concession agreement with the government, New Ulaanbaatar International Airport LLC (NUBIA) will be in charge of airport operations for the next 15 years.
The new airport was originally scheduled to begin operations in 2020, but the opening has been delayed due to the COVID-19 pandemic. All assets have now been safely transferred from the old airport (Buyant-Ukhaa International Airport), thus preparing the new airport for flights and passenger traffic.
Although the pandemic has significantly reduced air travel to Mongolia, demand for flights is expected to increase in the medium to long term, especially in Ulaanbaatar, the country’s capital and the center of its political and economic activity. The new airport is likely to play an increasingly important role over the next few years.
In operating the new airport, NUBIA will benefit from the combined expertise of its four shareholders. MC has extensive experience in airports and other infrastructure projects in Japan and around the world, while NAA and JAT operate Narita International Airport and Haneda Airport passenger terminals, respectively. JALUX is active in the airport retail business and also has experience in the management of airports abroad. In addition to prioritizing the safety, security and comfort of passengers, NUBIA plans to take advantage of the new airport to increase the number of routes and flights serving Ulaanbaatar, develop attractive commercial facilities at the terminals. and improve the services and profitability of the new airport.
While maintaining all precautions to prevent the spread of COVID-19, NUBIA is committed to building on a facility that is already touted as a symbol of bilateral cooperation between Japan and Mongolia, and effectively operating the new airport, the joint venture will do its best to contribute to the sustainable development of the Mongolian economy and society.
1. Mitsubishi Corporation
An integrated global trading company that develops and operates businesses in virtually every industry, including natural gas, industrial materials, petroleum and chemical solutions, mineral resources, industrial infrastructure, automotive and mobility, food industry, consumer industry, energy solutions and urban development.
2. Narita International Airport Company
Creation and management of Narita International Airport
3. Japan Airport Terminal Co., Ltd.
JAT’s main business segments are terminal management at Haneda Airport as well as sales of merchandise and associated food and beverage products.
4. JALUX inc.
Aviation & Airport Related Companies, Life Service Companies, Retail Trade, Food & Beverage Companies
5. NUBIA: New Ulaanbaatar LLC International Airport
Operation of the new Ulaanbaatar International Airport (Genghis Khan International Airport)
Japan Airport Management LLC: 51.0% (Special purpose company funded by MC, NAA, JAT and JALUX)
Khushigiin Khundii Airport Stated Owned LLC: 49.0% (special purpose company funded by the Government of Mongolia)
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