IFM Investors has announced plans to acquire 75 percent of Air Rail, the largest airport ground support equipment (GSE) owner and lessor in Spain and Portugal, strengthening the firm’s presence in the Spanish infrastructure market.
Air Rail’s founder, José Manuel García Prieto, will retain a 25 percent shareholding in the company following the transaction. Financial terms were not disclosed.
Air Rail serves customers at more than 50 European airports and manages a fleet of more than 4,000 GSE units (including boarding stairs, pushback tractors and baggage carts) and offers full-service rental. Approximately 70 percent of its fleet is fully electric, aligning with the growing demand for sustainable solutions in the airport sector.
The GSE leasing market benefits from strong tailwinds, driven by increasing air travel demand and a heightened focus on sustainable airport operations, according to IFM. The acquisition is expected to support Air Rail’s growth,
