Press release

At its meetings of 25 June and 2 July 2004, the Management Board of Geneva International Airport noted the positions expressed by airlines after the discussions on adjusting passenger tax at the main terminal (T1) and on a variable passenger tax that would depend on long-term commitments, and also in response to the project tender for the reorganisation of the old terminal (T2) for simplified aviation use.

The Airport, taking into consideration the appeal made by all airlines to reduce costs and noting a better-than-expected growth in passenger figures, has decided to suspend the CHF 3.- passenger tax increase at the main terminal (T1) in 2004.

The Airport will also not be applying the variable passenger tax based on long-term commitments by airlines, because of the lack of airline interest in it.

Finally, the Management Board of the Airport examined all aspects of the project to redesign the old terminal (T2) and use it for no frills aviation. Given the economic, social and environmental aspects of the project, it decided to go ahead with it, subject to confirmation of the commitments made by the airlines concerned and of support by the Geneva Council of State, the Airport’s supervisory authority.

The Airport is also undertaking studies with IATA and all the airlines with the aim of identifying any savings that might be made to reduce their airport costs.

Geneva, 2 July 2004