Other major reasons to serve this airport
- Hermes Airports comprises of an international consortium of nine shareholders, which assumed the management and operation of Larnaca and Paphos airports in 2006, under a 25-year Build-Operate-Transfer (BOT) concession agreement with the Republic of Cyprus. The concession includes a plan to develop new passenger terminal buildings and other associated infrastructure. The new passenger terminal buildings were inaugurated in Paphos and Larnaca in 2008 and 2009 respectively.
- Larnaca Airport serves the island of Cyprus (around 800,000 inhabitants), with easy surface access driven by an excellent road infrastructure to all towns and tourist attractions. The driving distance between the east part of the island and the western part can be driven in around two hours.
- The majority of traffic served by Larnaca Airport is leisure traffic and it is driven mostly by inbound tourism. Split of passenger traffic between Cyprus residents and non-Cyprus residents is 35/65% respectively.
- With the financial strains in Cyprus, caused primarily by the collapse of the country’s banking sector in early 2013, both airports experienced a dramatic downturn in their business that year: a 5% decline in traffic and a loss of interest from potential investors to develop the airports’ surrounding land. Adding to these challenges was the bankruptcy of Cyprus’ national airline, Cyprus Airways, in 2015. Despite those negative developments, the airports managed to reverse this trend by achieving growth of 4.4% in 2014, while they expect further growth of 3.3% in 2015, fully replacing the capacity of Cyprus Airways.
- Larnaca Airport serves around 93 destinations in 37 countries with the total number of passengers estimated to 5.3 million for 2015. More than 55 airlines operate to/from Larnaca Airport.
- The three most important markets served by Larnaca Airport are the United Kingdom, Russia and Greece, all three accounting for 57% of the total traffic. Israel, Italy, Poland, and Ukraine are demonstrating great potential to be further developed during the next few years.
- Cyprus, through Larnaca Airport, offers good connectivity with the rest of the country markets in the area as there is at least one daily flight to all nearby destinations located less than 1.5 hour from both airports.
- The airport is of high quality, with its state-of-the-art terminal offering seamless superior service and punctuality, as well as being connected impeccably with bus transportation to the major cities on the island.
- Cyprus’ economy is dominated by the services sector, accounting for approximately 4/5 of the GDP (tourism, financial services, ship management and real estate are the most important sectors).
- Special attention has been given to the tourism sector following the difficulties of the banking sector in 2013. This sector is undergoing major structural changes, aiming on one hand to rebrand the country and change its position/image worldwide, and on the other hand to improve on the product perception and delivery.
- Company formation, tax planning, trusts, foreign exchange trading and fund administration are all strong segments of the business services industry, encouraged by around 50 double taxation treaties and a legal system based on English law.
- Tourism arrivals are expected to exceed 2.6 million tourists on the island by the end of 2015.
- A major success story for Cyprus is the maritime sector, hosting the largest ship management centre in the EU. The Cyprus Registry is classified as the 10th largest merchant fleet in the world and the third largest fleet in the EU.
Marketing and other support
Hermes Airports introduced key incentives to help sustain and attract airlines, but also engaged in strengthening connections with Cyprus’ tourism sector to drive air service development.
For more details on incentive schemes, please click here.
- Market information: statistics and market analysis on request.
- Marketing support through all Hermes Airports’ digital platforms, including the airport website, Facebook, Twitter, YouTube, Instagram and the Blog.
- Launch events to celebrate new routes/airlines.
- Start-up support: incentive amounts are given for new route additions, adjusted according to the weekly frequencies and the period of operation within a year.
- The airports also offer a generous incentive package under a long term /volume related scheme to support the introduction of multiple new routes and/or the establishment of a base.
- Winter scheme: a three-year scheme designed to encourage airlines to continue operating during the IATA winter season and explore Cyprus as a winter destination.
- Landing fees: a three-year scheme designed to encourage and support airlines to increase flights on existing routes.
- Marketing support: may be offered to airlines in support of marketing activities and/or destination promotion that may increase passenger traffic.
Hermes Airports works closely with the Cyprus Tourism Organisation and the Ministry of Tourism to increase the number of foreign visitors through joint marketing activities. They also partnered with the Government of Cyprus to develop a National Tourism Strategy with the goal of jointly recruiting airlines and tour operators, to demonstrate widespread support and commitment to growing the country’s air transport.
To capitalise on the increase in traffic at the airports, Hermes Airports used new technology to better understand its customers. This has led to changes in retail offerings and wayfinding for customers, some of which occur in real time, in response to specific flights from destinations with travellers who have a higher propensity to shop or spend more time in terminal.
Hermes Airports proceeded with a digital presence that focuses on tourism. The multi-platform launch, which included a new website with e-commerce capabilities and profiles on Twitter, Facebook and Instagram, has helped to grow profile for the attractions of Cyprus and create an overriding sense of community that is at the forefront of Cyprus promotion. In addition, social media activity has also provided Hermes with a dynamic channel to build awareness within Cyprus, of its brand and community investment initiatives.
Larnaca Airport’s total traffic of 5.3 million passengers comprises of: 65% – inbound and 35% – outbound. The catchment area related to the outbound traffic is primarily the eastern and central part of the island. Nonetheless, the airport also serves the needs of people from Limassol and Paphos.
- Situated two kilometres southwest of Larnaca;
- Excellent surface access through motorway;
- Public transport: Inter-city busses from Nicosia and Limassol, local buses and taxis.
Infrastructure & Operations
- Runways: One runway (04/22) – 2,994 metres;
- Slot Coordinated: Slot Facilitated;
- Operating hours: 24/7;
- Terminals: One passenger building equipped with air bridges;
- Min. connect time: 45 minutes.
Important infrastructure developments and/or other news
- Express Lane: The introduction of the Express Lane (Fast Track) provides faster access to the security check and boarding areas through a dedicated route, spending less time in queues with more time to shop, dine or simply relax!
- E-gates (Electronic Boarding Pass Readers): The passenger experience at the airport has also seen the introduction of innovative services such as E-gates, an automated system, which allows travellers when carrying a printed copy of their boarding pass to proceed directly to the security check area simply by scanning their boarding pass.
- Online parking: Offering a number of options according to the duration of stay providing in this way the opportunity to organise the entire trip more efficiently, simply by booking online a spot at Larnaca Airport’s parking areas.
- Passenger traffic: Forecast for 2015 is 5.3 million (4.2 million – scheduled flights; 1.1 million charter flights);
- Freight: Around 25,000 tonnes during 2015;
- Largest carrier: Aegean Airlines, with an estimated market share of 18%;
- Other relevant vital statistics: 55 airlines operating to 37 countries and more than 93 destinations.