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Fraport

Fraport AG Frankfurt Airport Services Worldwide,[1] commonly known as Fraport, is a German transport company which operates Frankfurt Airport in Frankfurt am Main and holds interests in the operation of several other airports around the world. In the past the firm also managed the smaller Frankfurt-Hahn Airport located 130 kilometers west of the city. It is listed on the Frankfurt Stock Exchange and also through the exchange's Xetra trading system. The company's shares are included in the MDAX. The company's current chief executive officer is Stefan Schulte. As of 2019, the company has 22,514 employees and annual revenues of about €3.3 billion.[3] Fraport was the main sponsor of the Bundesliga football team Eintracht Frankfurt from 2002 to 2012.

Fraport AG is also involved in ground handling operations at its own operated airports and at third-party operated airports. It mostly operates ground handling services in a deregulated context. Fraport was also involved to make Frankfurt Airport and Indira Gandhi International Airport ready for Airbus A380 operations.

Operations

In addition to various management and infrastructure subsidiaries related to Frankfurt Airport, Fraport's holdings include the following airport operating companies:[4]

Greece

As of December 2015, Greece's government signed a privatization deal with Fraport and Greek energy firm Copelouzos with awarding them a 1.2 billion euro contract to lease and manage 14 regional airports for a concession period of 40 years.[8][9] Fraport started managing the 14 regional airports from 11 April 2017.[10] They have published their master plan for each airport and the computer renderings (external views) of the 14 airports after the completion of the construction works.[11]

The airports included in the concession are:[9][8]

Many complaints have been filed by General Aviation aircraft owners from Greece and abroad, due to high pricing policy and lack of parking spaces in Greek airports operated by Fraport.[12][13][14]

  • Aktion National Airport
  • Cephalonia International Airport
  • Chania International Airport
  • Corfu International Airport
  • Kavala International Airport
  • Kos Island International Airport
  • Mytilene International Airport
  • Mykonos Island National Airport
  • Rhodes International Airport
  • Samos International Airport
  • Santorini (Thira) National Airport
  • Skiathos Island National Airport
  • Thessaloniki International Airport
  • Zakynthos International Airport

Business trends

The key trends for Fraport are (as at the financial year ending December 31):[15]

Headquarters

The company's articles of association designate Frankfurt am Main as the company's registered office.[1] Fraport's facilities are on the property of Frankfurt Airport in the city's Flughafen district.[16] Its head office building is Building 178, close to Tor 3 (gate 3).

Shareholders

The company's current shareholding structure is as follows.[4]

External links

References

  1. "Articles of Association of Fraport AG Frankfurt Airport Services Worldwide ." Fraport. Retrieved on May 28, 2011. "I. General Provisions § 1 Company name, registered office and financial year (1) The name of the company is Fraport AG Frankfurt Airport Services Worldwide. (2) The registered office of the company is Frankfurt am Main."^
  2. History Fraport, retrieved 2015-11-26^
  3. Annual Report 2024 Fraport^
  4. Annual Report 2019 Fraport, retrieved 2020-03-30^
  5. Fraport sells its Delhi stake Airliner World November 2024 page 21^
  6. Aeroporto Internacional – Fortaleza – CE Infraero, retrieved 2018-03-23^
  7. Aeroporto Internacional – Porto Alegre – RS Infraero, retrieved 2018-03-23^
  8. "Greece signs 1.2 bln euro airport deal with Germany's Fraport", Kathimerini English version (14 December 2015).^
  9. "Greece confirms Germany's Fraport to run regional airports", Reuters (Tue Aug 18, 2015 9:49am EDT).^
  10. "Fraport Greece Begins 40-Year Concession at 14 Greek Regional Airports", Kathimerini English version (21 March 2017).^
  11. "Fraport Greece’s Development Plan for the New Era at the Greek Regional Airports", Fraport-Greece English version (22 March 2017).^
  12. Πώς μπορεί η Πολιτεία να βοηθήσει τον αεροπορικό τουρισμό με αεροσκάφη γενικής αεροπορίας 11 May 2020^
  13. Στο "Βήμα της Κυριακής" η επιστολή της AOPA Hellas για τα 23 αεροδρόμια – Aopa Hellas^
  14. Επιστολή της AOPA Hellas στον κ. Μαραγκάκη, COO της Fraport Greece – Aopa Hellas^
  15. Fraport Fundamentalanalyse boerse.de, retrieved 2023-12-03^
  16. "How to find us ." Fraport. Retrieved on May 28, 2011.^