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
Fraport
PLA Global Wrap: Week 26
In this week's global wrap, we look back at B2B updates from week 26, including more recent commitments to adopt SAF and recent developments in unmanned air cargo delivery, with Dronamics and Hellmann announcing drone transport services as early as next year and DB Schenker and Volocopter conducting a joint static proof of concept for VoloDrone. Of course, we have the latest industry updates from the world's top airlines, airports, cargo handlers, forwarders and express operators, … [Read more...] about PLA Global Wrap: Week 26
Fraport introduces automatic license plate detection
Press release Fraport, the company that operates Frankfurt Airport (FRA), launched a new technology that automates the process of driving into FRA’s CargoCity South. At Gates 31 and 32, an innovative camera system now reads the license plates of arriving visitors and crosschecks them against stored datasets. If they match, the system automatically opens the gate. Before arriving, guests need to register online and send notification of a planned visit. “The new technology simplifies the … [Read more...] about Fraport introduces automatic license plate detection
Fraport 2018 First Quarter Traffic Figures
In the first three months of 2018, Frankfurt Airport (FRA) welcomed more than 14.4 million passengers – an increase of 10.0 percent compared to the same period of the previous year. This strong growth was mainly attributable to the early timing of the Easter holidays and a significant expansion of flight offerings from airlines. Cargo throughput (airfreight + airmail) rose by 0.7 percent to 539,610 metric tons in the first quarter of 2018. Aircraft movements climbed by 8.3 percent to a total of … [Read more...] about Fraport 2018 First Quarter Traffic Figures
Positive trends continue at Fraport (FRA)
Frankfurt Airport’s (FRA) cargo throughput (airfreight + airmail) increased by 4.9 percent year-on-year to 200,827 metric tons. Accumulated maximum takeoff weights (MTOWs) also climbed by 12.7 per cent to about 2.5 million metric tons. Aircraft movements rose by 16.6 per cent to 39,124 takeoffs and landings. Taking into account the number of strike-related flight cancellations in November 2016, aircraft movements in the reporting month saw an underlying increase of 8.2 … [Read more...] about Positive trends continue at Fraport (FRA)
Peru and Fraport’s LAP sign agreement for Lima Airport expansion
Lima Airport Partners – a Fraport AG majority-owned company – and the government of Peru signed an amendment to the 2001 Lima Airport Concession, thus making it possible for LAP to move ahead with a major expansion program at one of South America’s fastest growing airports. In particular, the amendment outlines when and how the government should hand over land needed for the expansion of Lima Jorge Chavez International Airport (LIM). Scheduled to begin in 2018, LAP’s expansion program will … [Read more...] about Peru and Fraport’s LAP sign agreement for Lima Airport expansion