Naro Advisory

Munich International Airport, Germany

The Task Chapman Taylor, an architecture firm, approached us to assist in redeveloping Terminal 2 at Munich International Airport. Our task was to provide space allocation requirements, input on commercial layout guidelines, and define the concept mix for the redeveloped terminal. We were also responsible for building a comprehensive revenue forecast model to assess the […]

ANA Aeroportos de Portugal, Portugal

The Task Our team acted as technical advisors on all commercial business lines for the Portuguese Government’s privatisation of ANA Aeroportos de Portugal, the operator of nine Portuguese airports, through a 50-year concession. We collaborated with Credit Suisse and LeighFisher, who developed a sell-side evaluation, prepared the information memorandum, and provided support during the bidding […]

Budapest International Airport, Hungary

The Task Budapest Airport embarked on a significant expansion project and sought guidance on developing effective commercial layouts aligned with its future terminal envelope and passenger flows. Our Approach Our team commenced by analysing passenger profiles and identifying future trends to determine passengers’ needs and preferences. We then conducted a benchmark on best practices for […]

Aéroports de Lyon, France

The Task LeighFisher, the lead technical advisor, subcontracted us to perform a commercial due diligence and revenue forecast model for a potential bid on Aéroports de Lyon by Atlantia, Aeroporti di Roma, and EDF Investment. Our Approach Our approach included site visits, information memorandum reviews, benchmarking, and thorough due diligence on the commercial operation of […]

Aéroports de la Côte d’Azur, France

The Task The lead technical advisor, LeighFisher, tasked us with conducting commercial due diligence and a revenue forecast model for a potential bid on Aéroports de la Côte d’Azur by Atlantia, Aeroporti di Roma, and EDF Investment. Our Approach Our approach was based on site visits, information memorandum review, benchmarking, and thorough due diligence on […]

Prague International Airport, Czech Republic

The Task Prague Airport approached us to develop a new eCommerce strategy geared towards providing an upgraded passenger experience and driving commercial revenues. Our Approach Our team first analysed critical factors such as consumer behaviour, tech trends, and the competitive landscape to understand the challenges faced and how the airport could respond. We also conducted […]

Lisbon International Airport, Portugal

The Task ANA Aeroportos de Portugal approached us with the task of understanding its loss of market share on car parks to off-airport operators, the reasons why passengers chose competitors, and an understanding of competitors’ capacity, services, and pricing policies. This insight would help ANA fine-tune its competitive position in the three main airports. Our […]

ANA Aeroportos de Portugal, Portugal

The Task Our team was tasked with developing comprehensive strategic plans for ANA Aeroportos de Portugal’s retail, parking, advertising, car rental, and real estate businesses. The initial project led to ongoing support for six years. Our Approach We initiated the project by conducting an in-depth review of existing performance in all nine airports managed by […]

ANA Aeroportos de Portugal, Portugal

The Task In February 2022, ANA Aeroportos de Portugal chose Aer Rianta to establish a new joint venture (JV) for managing duty-free and duty-paid stores at Portuguese airports. Given our expertise and knowledge of ANA and its airports from previous engagements, we were invited to support the Commercial team and guarantee a successful transition despite […]

Lisbon, Porto, and Faro International Airports, Portugal

The Task ANA Aeroportos de Portugal tasked us with assisting in the tenders for multi-airport contracts for the advertising and car park businesses. The objective was to optimise revenues and gain more control over the quality of service provided to clients. Our Approach Our team initiated the project by conducting an in-depth review of existing […]

Lisbon Metro, Portugal

The Task Metro do Lisboa enlisted our services to develop a strategic plan for the retail business. The plan aimed to improve the quality of service and increase revenues by providing upgraded commercial areas, attracting new specialised operators, and improving the overall offer. Our Approach Our team initiated the project by conducting an in-depth analysis […]

Lisbon Multimodal Hub, Portugal

The Task EMEL, a mobility company owned by Lisbon Municipality, engaged our services to support them in the RESTART project, co-funded by the EU. The project aimed to develop a master plan for Lisbon’s multimodal mobility hubs. Our task was to develop conceptual guidelines for the main multimodal hubs and detail the functional requirements for […]