Michigan State University Broad College of Business Full-Time MBA Class of 2016 students leveraged opportunities to interact with global companies and enjoy activities during a European study abroad in May. Here, they share what they picked up along the way.
During our visit to the EuroAirport—a unique institution that it is situated near the borders of three nations and jointly owned and governed by France and Switzerland—we learned more about the organizational structure and the business’s operations, development strategy, and planning.
The board of directors consists of eight French members and eight Swiss members, and two German members with an advisory vote. There are both French and Swiss customs sectors with economic and regulatory jurisdiction.
EuroAirport’s operations focus on improving passenger traffic, freight traffic, and industrial activities. Passenger traffic has steadily increased from about 2.5 million in 1996 to a record high of 6.5 million in 2014. It sees potential for continued growth based on the increasing trend for passengers to travel multiple times a year.
EuroAirport facilitated the transport of nearly 100,000 tons of freight in 2014 and completed construction of a new cargo terminal to accommodate a greater amount of the region’s freight traffic. It is one of the top airports for maintaining and refurbishing private aircraft and has strong potential for growth.
EuroAirport has plans to improve connectivity to its location via a new rail connection, and to construct a hotel with a capacity of 200 rooms and a parking structure with 2,500 spaces near their terminal.
We believe they are best positioned as a regional airport that provides efficient and high service for flights in the continental Europe region and nearby major cities in North Africa and Asia.
—Adapted from Ehab El Sharkawy