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Outline of MLIT Report on Advisory Committee Findings on Legal Schemes for Japanese Privatized Airports

On March 11, 2022, the Ministry of Land, Infrastructure, Transport and Tourism (the “MLIT”) released the "Summary Report Regarding Advisory Committee Findings on Legal Schemes for Japanese Privatized Airports" (the "Report"). The Report first reconfirms the objective of airport privatization using a form of concession (such structure is referred to herein as "airport concession"), and then further reviews the deal structures of airport concessions in order to consider the ideal airport concession agreement, taking into account the current situation due to the COVID-19 pandemic. Specifically, in consideration of such situation, the Report proposes a new approach to airport concessions in terms of (i) extension of the concession period under airport concession agreements, (ii) payment structure of concession fees, (iii) introduction ...To read the full article, please see the PDF file

*This article is also available in Japanese.

Finance Law Newsletter (April 13,2022) (303 KB / 4 pages) Download PDF [304 KB]

Authors

原田 伸彦

Nobuhiko Harada specializes in Japanese and cross-border asset finance transactions for aircraft, vessels, marine cargo containers, factory facilities, as well as other finance transactions for real estate, M&A finance, and DIP finance. He has vast experience of JOL/JOLCO transactions for aircraft, vessels, marine cargo containers, and other assets. He also has broad experience in insolvency and business restructuring (both in-court and out-of-court procedures) of various businesses including airlines, ship owners, hotel operators, golf course operators, real-estate business operators, trading companies and their subsidiaries in Asian countries. In addition to the abovementioned fields, he has expertize in airport business and the regulatory compliance of new businesses.

赤松 祝

Leveraging practical experience at the Japan Civil Aviation Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism, insights gained from Cranfield University in the U.K. (a hub of innovation in the aviation sector), and an extensive global network in the aviation and tourism industries, he provides expert guidance on regulatory compliance, negotiations with authorities, policy advocacy, rule-making, support for new business launches and expansions, and contract negotiation in the aviation, transportation, and tourism sectors.
He is also dedicated to supporting new mobility businesses, including drones and Mobility as a Service (MaaS). Furthermore, utilizing experience from the Japan Civil Aviation Bureau, he provides advice to both the public and private sectors on matters such as PFI/PPP projects and other issues related to government agencies and local governments.