Also found in: Wikipedia.
FRAPORTFrankfurt Airport Company
Copyright 1988-2018, All rights reserved.
References in periodicals archive ?
Adjusted for revenue in connection with capital expenditure for expansion projects at Fraport's Group companies worldwide (according to IFRIC 12), revenue grew by 5.3 percent to EUR 678.5 million.
Metropolitan Nashville Airport Authority has awarded Fraport USA, a leading developer of award-winning airport retail programs with a contact to manage and develop the concessions program for Nashville International Airport (BNA), the company said.
Fraport won with bids of BRL 1.505bn Reais (USD 480m) for Brazil's Fortaleza Airport and BRL 382.01m (USD 122.45m) for Porto Alegre Airport.
Germany's Fraport expects to gain between $34-45m in the deal.
Fraport is lowering its stake in Thalita Trading, the parent company of Northern Capital Gateway, which holds the concession to operate the Pulkovo Airport in St Petersburg, to 25% from 35.5%.
Fraport and its Greek partner, energy firm Copelouzos, will lease and manage 14 provincial airports in popular tourist islands, including Corfu and Santorini, for 40 years.
A consortium majority-owned by Fraport, Germany's biggest airport operating company, and minority-owned by Greek conglomerate Copelouzos Group, announced on Monday it had signed a deal with the Greek government's privatization agency, Hellenic Republic Asset Development Fund (HRADF), for a 40-year concession to operate 14 regional airports in Greece.
The offer for the lease of the airports -- one of the biggest Greek privatisations since the start of the debt crisis in 2009 -- was expiring this month and Fraport had to renew it for the sale to be completed.
Furthermore, this underscores FRA's importance for Germany's export-driven economy and the logistics industry, thus providing a concrete competitive advantage for German business," Stefan Schulte, Fraport's executive board chairman, said.
Fraport Annual General Meeting 2013 Fraport's Fiscal Year 2012 Met Expectations in a Challenging Environment.