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
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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
Fraport traffic points to continued recovery trend
Fraport’s July cargo figures continue to suggest a recovery with Frankfurt Airport’s (FRA) rate of decline in airfreight moving into the single-figure range for the first time this year. Freight throughput fell only 9.4 per cent year-on-year to 156,000 tonnes; in June the drop was still 16.5 per cent. “An early indicator of general economic development, airfreight continues its rise from the economic trough,†the airport operator said. With 40,462 takeoffs and … [Read more...] about Fraport traffic points to continued recovery trend
Fraport ties up with Pulkovo Airport
Russia-based VTB Group, the administration of Saint-Petersburg and Fraport AG Frankfurt Services Worldwide signed a memorandum of intentions to develop Pulkovo Airport into an international transport hub. The memorandum is signed following the results of the tender to sign an agreement with the government of Saint-Petersburg on public private partnership. … [Read more...] about Fraport ties up with Pulkovo Airport
Fraport planning 8.4% hike in fees
German airport operator Fraport plans to raise its fees and is currently in talks with airlines on the matter, Reuters reported. The Frankfurt airport operator is proposing to raise fees by 8.4 per cent from the beginning of 2010 to fund its expansion in Frankfurt. … [Read more...] about Fraport planning 8.4% hike in fees
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