TBI plc

TBI plc originated as Markheath plc, a property-broker company incorporated in the United Kingdom in 1972. After being bought by Thomas Bailey Investments plc, the business moved away from its original property-broker identity and developed an airport-focused operating model. It adopted the name TBI plc in March 1994. From 1994 through 2004, Keith Brooks was the company’s chief executive. During this period TBI pursued airport ownership and concession opportunities in the United Kingdom and abroad. In 1995 it acquired Cardiff Airport, creating a significant Welsh asset within its portfolio. The company also became associated with the operation or management of Belfast International Airport and London Luton Airport in the United Kingdom, Stockholm-Skavsta Airport in Sweden, and Orlando Sanford International Airport in the United States. TBI additionally supplied airport-management services at Atlanta and Macon in Georgia and at Burbank in California. TBI was acquired in 2004 by Airport Concessions and Development Limited, known as ACDL. ACDL was controlled by two Spanish airport and infrastructure companies: Abertis Infraestructuras S.A. held 90 percent and AENA Desarrollo Internacional S.A. held 10 percent. Brooks remained involved as a non-executive director after the sale. The acquisition integrated TBI into a broader Spanish-owned airport-concessions structure. In 2009, the company changed its name from TBI plc to TBI Limited. The business continued to be associated with airport assets and concessions, although the available reference material does not provide a complete account of its later corporate structure or establish whether it continued as an independent operating brand. Two important events occurred in 2013. First, the Welsh Government purchased Cardiff Airport from TBI, ending the company’s ownership of that airport. Second, the Bolivian government nationalized the country’s airports under concessions held through TBI subsidiary Sabsa. The affected airports were El Alto International Airport, Jorge Wilstermann International Airport, and Viru Viru International Airport. These events illustrate the exposure of airport-concession businesses to public-sector ownership decisions and changes in national infrastructure policy. TBI’s historical role was that of an airport infrastructure operator and concession holder. Its activities extended beyond direct ownership: the company also managed airports on behalf of asset owners or concession authorities. The available material identifies its principal assets and transactions but does not provide sufficient information to determine its current legal status, successor organization, present management, or any current commercial website.

• 2013

  Cardiff Airport sold to the Welsh Government

  [1]TBI plcen.wikipedia.org

  TBI transferred ownership of Cardiff Airport to the Welsh Government.

• 2013

  Bolivian airport concessions nationalized

  [1]TBI plcen.wikipedia.org

  Bolivia nationalized the airports operated under TBI subsidiary Sabsa’s concessions, including the country’s three largest airports.

• 2009

  Legal name changed to TBI Limited

  [1]TBI plcen.wikipedia.org

  The company changed its name from TBI plc to TBI Limited.

• 2004

  Acquired by Airport Concessions and Development Limited

  [1]TBI plcen.wikipedia.org

  ACDL acquired TBI. ACDL was owned 90 percent by Abertis Infraestructuras and 10 percent by AENA Desarrollo Internacional.

• 1995

  Cardiff Airport acquired

  [1]TBI plcen.wikipedia.org

  TBI acquired Cardiff Airport, which remained in its portfolio until its sale to the Welsh Government in 2013.

• 1994

  Name changed to TBI plc

  [1]TBI plcen.wikipedia.org

  Following its acquisition by Thomas Bailey Investments plc, the company adopted the TBI plc name in March 1994.

• 1972

  Company incorporated as Markheath plc

  [1]TBI plcen.wikipedia.org

  The business was incorporated in the United Kingdom as Markheath plc and initially operated as a property broker.

An international airport infrastructure and concessions operator focused on owning, operating, and managing airports rather than selling consumer products.

• Airport infrastructure

  Airport ownership and concessions

  TBI’s core business involved owning airport assets and holding or managing airport concessions. Its portfolio covered airports in the United Kingdom, Sweden, the United States, and Bolivia. The model depended on long-term rights to operate, develop, or manage airport infrastructure rather than on consumer product sales.

• Transport management services

  Airport management services

  In addition to airport ownership and concessions, TBI provided management services for airports in the United States. The identified locations included Atlanta and Macon, Georgia, and Burbank, California, demonstrating that the company’s activities could include operating expertise supplied independently of direct airport ownership.

• 2013

  Sale of Cardiff AirportM&A

  Background

  The Welsh Government sought public ownership of Cardiff Airport after TBI’s period of ownership.

  Action taken

  TBI sold Cardiff Airport to the Welsh Government.

  Aftermath

  Cardiff Airport entered Welsh Government ownership.

  Source

• 2013

  Bolivian airport concessions nationalizedOther

  Background

  The Bolivian government nationalized the country’s airports under the government of Evo Morales.

  Action taken

  Bolivia took control of the airports operated through TBI subsidiary Sabsa, including El Alto International Airport, Jorge Wilstermann International Airport, and Viru Viru International Airport.

  Aftermath

  TBI’s concession interests in those Bolivian airports were affected by the nationalization.

  Source

• 2004

  Acquisition by Airport Concessions and Development LimitedM&A

  Background

  TBI was operating as an airport owner and concession business with assets in several countries.

  Action taken

  Airport Concessions and Development Limited acquired TBI.

  Aftermath

  TBI became part of an ACDL structure owned by Abertis Infraestructuras and AENA Desarrollo Internacional.

  Source

• 1995

  Acquisition of Cardiff AirportM&A

  Background

  TBI was expanding its airport ownership and operating portfolio in the United Kingdom.

  Action taken

  The company acquired Cardiff Airport.

  Aftermath

  TBI owned the airport until selling it to the Welsh Government in 2013.

  Source

1. 1TBI plcen.wikipedia.org