Fraport AG is selling its stake in Xi’an Airport (XIY) in central China after 14 years, the group announced last week. Under an agreement signed on March 31, Fraport is letting go of its entire 24.5 percent stake in Xi’an Xianyang International Airport (the airport’s operating company) to Chang’an Huitong for RMB1.11 billion or around US$174.4 million. Fraport chief Dr. Stefan Schulte expressed satisfaction on the good work done with the airport but also some disappointment at the move to … [Read more...] about Fraport divests stake in China’s Xi’an airport