daa Group has been investing in, and divesting, airport holdings and concessions for over 30 years. Current investments include those in Dusseldorf, Germany and the two major airports in Cyprus – Larnaca and Paphos. Previous investments include Birmingham, UK and Hamburg, Germany and more recently the divestment of Shannon Airport from the Group.

Investing in airports

Investment vehicle

daa International is the airport and concession investment vehicle for the daa Group. Our background and our team enables us to seek out and participate in suitable airport and concession investment opportunities for funds, financial institutions and fellow state owned entities. Apart from participation, daa International brings experience on both sides of the airport transaction process. We are experienced in advising grantors on how to frame an airport transaction and how to bring it to the market and we also have many years’ experience advising and supporting the bidding parties in delivering successful proposals. Through our management contracts we have a track record in significantly enhancing an airport’s market value delivering optimal value for the grantor and appreciable value for the concessionaire.  daa International is always glad to discuss and support your requirements in the transactional space.


Through ARI, daa Group has a 20% share in Düsseldorf airport, which is the fourth largest airport in Germany and handled almost 8 million passengers in 2021. It is a hub for Eurowings and a focus city for several more airlines. The airport has three passenger terminals and two runways.  

Paphos and Larnaca

daa group has an 11% share in two Cypriot airports, Larnaca and Paphos. This is as part of an international consortium, known as Hermes Airports Ltd., which consists of a mix of local and international partners.  


Having been awarded a 25-year build-operate-transfer contract in 2006, construction work commenced immediately, and by 2008 and 2009 respectively, both Paphos and Larnaca new airport terminals were delivered as scheduled, making the best use of a substantial investment.

The Build-Operate-Transfer project was the first privatisation of its kind in Cyprus. The new airports offer world-class, state of the art facilities, with an emphasis on excellent customer service.  

Hermes as the private investor has spent a total of €640 million for constructing the two airports of Larnaca and Paphos. The airports were awarded Best Transport Project in Europe in the competition for PPP Awards 2013 by World Finance.

We are committed to improving connectivity for Cyprus and enhancing the overall passenger experience.   

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