Deutsche Lufthansa and Fraport have signed a first agreement on short-term cost savings. The partners are thus creating the right conditions for the further growth of Lufthansa at Frankfurt Airport. The agreement will also provide the basis for further discussions regarding a medium and long-term partnership. In the future, Lufthansa and Fraport are planning to work together consistently to make the most of potential areas for further increasing efficiency and lowering costs. … [Read more...] about Lufthansa and Fraport sign agreement on cost savings and further growth
Fraport AG
WFS takes 51% stake in Fraport Cargo Services
Worldwide Flight Services (WFS) is to acquire a 51 per cent shareholding in Fraport Cargo Services (FCS) as part of a strategic partnership with Fraport AG. The investment is part of WFS’ strategy to continue to expand in Europe’s major cargo markets. Fraport is to retain a 49 per cent share in FCS and will continue to take a substantial role in the management of the company. Terms of the transaction, which WFS and Fraport plan to close by September 2015, have not been … [Read more...] about WFS takes 51% stake in Fraport Cargo Services
German government to remove night restrictions
German Chancellor Angela Merkel’s new coalition will ease rules that limit night flights to help companies including Deutsche Lufthansa AG and Fraport AG stay competitive, a senior coalition lawmaker said, according to a Bloomberg News report. Merkel’s prospective alliance of her Christian Democrats and the Free Democrats will curtail powers that Germany’s 16 states have to restrict night flights, Hans-Peter Friedrich, the deputy leader in parliament of … [Read more...] about German government to remove night restrictions
Frankfurt night flights still in limbo
A German court has approved a US$5.6 billion expansion plan for Frankfurt airport, Europe’s biggest air cargo hub, but passed the responsibility of deciding on whether night flights would continue, to politicisions. The court ruled that the state of Hesse, where Frankfurt is located, must draw up new rules regulating flights between 11 pm and 5 am. Lufthansa Cargo had warned it will lose tens of millions of dollars a year if the court backed a night flight ban at its global hub. … [Read more...] about Frankfurt night flights still in limbo
