Aldeasa will open 8,000 square metres of retail space next Saturday when King Juan Carlos of Spain is scheduled to formally open Madrid Barajas Airport?s Terminal 4.

Comprising around 700,000 square metres in size, the new terminal is designed to make Madrid more competitive with major European hub airports, such as Paris, Frankfurt and Heathrow.
Some 250,000sq m has been allocated to a satellite building and the facility has been designed to double Madrid Barajas? annual passenger handling capacity from 35m to 70m passengers.
Aldeasa cannily renegotiated its ?jewel in the crown? Madrid concession in 2003 as a single entity away from all of the rest of its airports business in Spain. But not before Spanish airports authority Aeropuertos Espanoles y Navegacion Aerea (AENA) relieved the operator of an additional E20m for the five year extension (from January 1 2007 until December 31 2012).
Meanwhile, AENA says that the shops in the new terminal in general have been ‘perfectly integrated with the restaurants and new concepts in entertainment, health and beauty have been included.’
Next Friday night will see Iberia and its oneworld partners, including British Airways, close their existing Terminal 1 and Terminal 2 facilities and transfer to the new facility.
Iberia serves seven UK airports from Madrid and 18 Latin American destinations. Five of the oneworld alliance?s other partners also use Madrid Airport, including American Airlines, British Airways, LAN, Finnair and Aer Lingus, along with airlines that are due to become members, namely Mal?v and Royal Jordanian.
At present these airlines operate from Madrid?s two terminals, collectively carrying more than 26m passengers between them last year between them.
The new Terminal 4 comprises two buildings ? the main terminal and its south satellite, either side of one of the airports four runways. The main terminal building will be used by domestic and European Schengen country flights.