Fraport

Frankfurt cargo down 25% in December

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Freight traffic at Frankfurt airport dropped by 25 per cent in December from a year ago - the third successive monthly decline at Europe¡¯s largest air cargo hub - as the global economic downturn slashed German exports. The cargo contraction, to around 142,000 tonnes, was three times the rate of decline in November and nearly five times the year-on-year decrease in tonnage in October which had brought nine months of solid growth to an end. Fraport AG, Frankfurt¡¯s operator, is expecting … [Read more...] about Frankfurt cargo down 25% in December

Fraport starts up at China's Xi'an Airport

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German airport group Fraport AG announced, last month, the official launch of its Chinese joint venture Xi’an Xianyang International Airport Co Ltd. Holding a 24.5 per cent share in the venture, Fraport claims to be the first foreign airport operator to invest in a non-listed airport in China. In a speech at today’s official launch, Fraport AG executive board chairman Wilhelm Bender stressed that the Xi’an participation was an essential building block in Fraport’s … [Read more...] about Fraport starts up at China's Xi'an Airport

Fraport starts up at China’s Xi’an Airport

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German airport group Fraport AG announced, last month, the official launch of its Chinese joint venture Xi’an Xianyang International Airport Co Ltd. Holding a 24.5 per cent share in the venture, Fraport claims to be the first foreign airport operator to invest in a non-listed airport in China. In a speech at today’s official launch, Fraport AG executive board chairman Wilhelm Bender stressed that the Xi’an participation was an essential building block in Fraport’s … [Read more...] about Fraport starts up at China’s Xi’an Airport