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
Fraport
Frankfurt continues to see decline in cargo volumes
Frankfurt Airport (FRA) saw a continuing trend of recent months with a 1.4 per cent drop in cargo volumes to 159,721 tonnes in February compared to a year ago. The airport saw a similar trend to other airports on the passenger side with passenger numbers up 3.8 per cent year-on-year. The airport’s Accumulated Maximum takeoff weights (MTOWs) rise 6.2 per cent to about 2.2 million tonnes, or by 2.3 per cent when excluding the February 29 leap day. FRA's aircraft movements climbed by 3.5 per … [Read more...] about Frankfurt continues to see decline in cargo volumes
Fraport sees flat-lined cargo volumes in January
Frankfurt Airport (FRA) has started off the year with cargo volumes reaching a similar level as in 2015, with 159,650 tonnes handled at FRA in January 2016, down 0.1 per cent year-on-year. Passenger growth continued its growth track on the other hand, rising 2.2 per cent year-on-year to 4.2 million passengers in January. Accumulated maximum takeoff weights (MTOWs) rose by 1.1 per cent to more than 2.2 million tonnes, while aircraft movements decreased in January by 1.1 per cent to 34,244 … [Read more...] about Fraport sees flat-lined cargo volumes in January
Fraport, WFS complete partnership deal
Fraport AG and WFS have completed the transaction for a strategic partnership in the area of airfreight handling at Frankfurt Airport. Under the agreement signed in July 2015, Fraport has sold a 51-per cent share in its Frankfurt-based Fraport Cargo Services GmbH (FCS) subsidiary to WFS, the world's largest independent air cargo handler. Fraport AG executive board chairman Stefan Schulte said: "We are launching a new chapter in cargo handling at Frankfurt with a very strong and competent … [Read more...] about Fraport, WFS complete partnership deal
Fraport Cargo wins early Air China Cargo extension
Fraport Cargo Services (FCS) has announced it has renewed its cargo handling contract with Air China Cargo Co., Ltd. extending its cooperation with FCS for the seventh consecutive year. A customer of FCS since 2009, Air China Cargo renewed the contract well in advance of the date required. FCS managing director Andreas Helfer said: “Air China Cargo is an airline with high standards of safety, quality and service. The early extension of the handling contract is a clear proof of Air China … [Read more...] about Fraport Cargo wins early Air China Cargo extension
German government to lift 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 lift night restrictions
