Fraport to sell stake in Hanover Airport to iCON Flughafen
Frankfurt Airport operator Fraport is to sell its 30 per cent stake in Hanover Airport to iCON Flughafen for €109.2 million. Fraport acquired shares in Hanover Airport’s operating company, Flughafen Hannover-Langenhagen GmbH (FHLG) in two steps, initially 20 per cent in 1998, followed by another 10 per cent in 2003. The other 70 per cent […]
Frankfurt maintains its position as Europe’s busiest cargo airport
Frankfurt Airport has maintained its position as Europe’s busiest cargo airport, having handled just under 2.2 million tonnes in 2017. Airport operator Fraport reports that volumes increased 3.8 per cent due to the economic upturn causing high demand for airfreight. It says that the North American market developed positively and after a decline in the […]
Fraport Brasil takes over Fortaleza and Porto Alegre operations
Fraport Brasil has taken over operations at the airports of Fortaleza and Porto Alegre, having won the concessions in March 2017 during a public auction to privatise Brazil’s airports. The operational takeover follows the completion of the joint transition period with Infraero, the state-owned authority that previously ran both airports. The wholly owned subsidiary of […]
Fraport revenue grows 11% in first half of 2017
Revenue at Fraport has grown 10.8 per cent in the first six months of 2017 and net profit grew by 37.3 per cent. The company, which operates Frankfurt Airport, as well as Ljubljana, and has a stake in Varna, Burgas, Lima, Antalya, St. Petersburg, Hanover, Xi’an, Delhi and 14 in Greece, saw revenue increase by […]
Lima to receive second runway as part of major expansion
Lima’s Jorge Chavez International Airport is to undergo a major expansion including a second runway following the Peruvian government signing an amendment of the 2001 Lima Airport Concession. The Fraport majority owned company, Lima Airport Partners signed the amendment with the government, making it possible to move ahead with a major expansion program, scheduled to […]
PAUL water-filters flown from Frankfurt to flood hit Peru
LATAM Cargo has flown 25 PAUL water-filtering containers to Lima from Frankfurt to provide clean water for people affected by flooding across Peru. The PAUL (Portable Aqua Unit for Lifesaving) can filter up to 1,200 litres of water per day, and the 25 containers were funded by Frankfurt Airport’s operator Fraport, and its Lima Airport […]
Fraport profits rise despite revenue dipping
Fraport profits rose 34.8 per cent to €400 million ($429 million) despite revenue dipping 0.5 per cent to €2.59 billion. The company says ground handling revenue decreased 6.3 per cent to €630.4 million due to the sale of shares in Fraport Cargo Services, and adjusted for the effects from the sales, underlying revenue grew 1.8 […]
Fraport profits fall despite cargo picking up
Fraport Group has seen first half profits fall by 3.2 per cent to 99.7 million euros ($111.6 million), with traffic volumes being impacted by geopolitical circumstances despite cargo growth. The profits fell due to passenger numbers declining because of concerns after terrorist attacks, with the second quarter seeing an 8.4 per cent drop to 84.6 […]
Fraport to sell partial Pulkovo Airport stake to Qatari investors
Fraport will reduce its stake in St. Petersburg’s Pulkovo Airport by 10 per cent by selling shares to the Qatar Investment Authority, though it will remain the airport operator. Fraport, which operates and has stakes in a number of airports around the world including Frankfurt, has, along with consortium partners has reduced its share in Thalita […]
Fraport signs contract to operate 14 Greek airports
Fraport and Copelouzos Group have signed contracts with the Hellenic Republic Asset Development Fund to operate 14 Greek airports for 40 years, in a deal worth 1.2 billion euros ($1.3 billion). The transaction is expected to close in late 2016 and Fraport will be the majority stakeholder in the airports, with its Greek partner, Copelouzos […]