Lufthansa Consulting, an independent division of Lufthansa Aviation Group, was founded in 1998 and is an international consultant for airlines, airports and related industries.
The private airport in Adunatii Copaceni will stretch over 255 hectares and will require an investment estimated at EUR200 million. The airport will be designed for short and medium distance flights.
The airport will be built in around 30 months once the construction permit is issued, Infra Group said Wednesday.
Gheorghe Racaru, strategy and development manager with construction group Romstrade, alos owned by Iordache, said the agreement with Lufthansa Consulting was signed two weeks ago but said the value of the contract is confidential.
Racaru said the consultant will determine whether the investment is viable, adding the project could prove too big and could need resizing.
Iordache bought about 300 hectares of land for the airport project but the value of the acquisition has not been disclosed.
The airport is set to be built in modules, in three or four stages, and the company expects to amortize its investment in 15-17 years.
“We will prepare a business plan and support the finding of investors. In a first stage, we’ll do a feasibility study. On the long term, Bucharest needs a new airport and we’ll see whether this project is justifiable at this time,” said Marnix Groot, development manager with Lufthansa Consulting.
He added the consultancy process will take several months.
Infra Group was founded early 2010 and provides airport services in Bucharest, Bacau and Sibiu, serving over 400 flights a month.
Iordache’s group of firms also includes low-cost airline Blue Air. According to Racaru, the group’s consolidated turnover stood at nearly EUR500 million in 2011, from EUR400 million in 2010.