Airport developer BAA USA has been acquired by Prospect Capital Corporation and will be renamed AIRMALL® USA, Inc. The transaction was completed July 30, 2010.
“At AIRMALL USA, we are anxious to begin this next chapter with our new owners, Prospect Capital Corporation. They have a comprehensive understanding of our value proposition to the airports we serve, to their communities and to the traveling passenger base,” said Mark Knight, president of AIRMALL USA, to PR Newswire. “Moreover, our new name — AIRMALL USA — represents the true essence of our established brand. With a combination of recognized national and international retailers, high-quality local concepts and a promise of ‘Regular Mall Pricing…Guaranteed,’ the AIRMALL continues to boast the highest per passenger spend of any concessions program in North America. It also consistently wins accolades for innovation and customer service.”
AIRMALL® USA will continue to manage and develop the retail, food and beverage concessions at Pittsburgh International (PIT), Boston Logan International (BOS), Baltimore/Washington International Thurgood Marshall (BWI), and Cleveland Hopkins International (CLE).
Airport Revenue News will provide more details. Please continue to check back for any updates.