Airport Project Finance Models

This page illustrates some modelling issues that can arise when preparing an analysis of an airport.  Some of the issues addressed include: (1) incorporating history with different timing (e.g. quarterly and monthly history); (2) using budget and historic data as basis for forecast; (3) correcting model with scenarios; (4) evaluating and modelling issues associated with cash flow waterfall and defaults; (5) computing financial ratios for airport analysis.

 

Airport Financial Model that Includes Selected Exercises where You Compute Some Financial Ratios

 

http://edbodmer.com/wp-content/uploads/2018/09/Dakar-Risk-Matrix.pdf

http://edbodmer.com/wp-content/uploads/2018/09/Airport Model Example.xlsm

https://www.fitchratings.com/site/infrastructure

https://www.fitchratings.com/site/dam/investors/Peer-Review-of-EMEA-Airports.pdf