Fraport

Fraport AG
Aktiengesellschaft
Traded as FWB: FRA
Industry Transportation
Founded 1924 (as Südwestdeutsche Luftverkehrs AG)[1]
Headquarters Frankfurt Airport
Frankfurt am Main, Hesse, Germany
Key people
 Stefan Schulte (CEO and chairman of the executive board), Karlheinz Weimar (Chairman of the supervisory board)
Services Airport operation
Revenue €2.59 billion (2016)[2]
€583 million (2016)
Profit €400 million (2016)[2]
Total assets €9.171 billion (end 2010)[3]
Total equity €2.739 billion (end 2010)[3]
Number of employees
 20,322 (2016)[2]
Website www.fraport.com
Fraport head office

Fraport AG Frankfurt Airport Services Worldwide,[4] 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 both the Xetra and the Frankfurt Stock Exchange. The company's current chief executive officer is Stefan Schulte. As of 2009, the company has approximately 20,000 employees - about 17,500 of them in Frankfurt - and an annual revenue of about €2 billion. Fraport was the main sponsor of the Bundesliga football team Eintracht Frankfurt from the 2002/2003 season 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 A380 operations.

Operations

In addition to various management and infrastructure subsidiaries related to Frankfurt Airport, Fraport's holdings include the following airport operating companies:[5]

Company Airport(s) operated Country % ownership Lease start Lease time
DIAL Delhi International Airport Private Limited Indira Gandhi International Airport India 10% unknown
Flughafen Hannover-Langenhagen GmbH Hanover-Langenhagen Airport Germany 30% unknown
Fraport IC Ictas Antalya Airport Terminal Investment and Management Inc. Antalya Airport Turkey 51% unknown
Fraport Twin Star Airport Management AD Burgas Airport, Varna Airport Bulgaria 60% unknown
Lima Airport Partners S.R.L. Jorge Chávez International Airport Peru 70% unknown
Ljubljana Airport Ljubljana Airport Slovenia 100% unknown
Northern Capital Gateway LLC Pulkovo Airport Russia 35.5% unknown
AirMall retail at Baltimore-Washington International Airport, Boston Logan International Airport, Indianapolis International Airport, Pittsburgh International Airport United States 100% unknown
Xi'an Xianyang International Airport Co., Ltd. Xi'an Xianyang International Airport China 24.5% unknown
Pinto Martins Fortaleza Pinto Martins – Fortaleza International Airport Brazil 100% 28 July 2017 30 years
Porto Alegre Salgado Filho International Airport Brazil 100% June 2017 25 years

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.[6][7] The Fraport started managing the 14 regional airports from 11 April 2017.[8] 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.[9]

The airports included in the concession are:[7][6]

Headquarters

The company's articles of association designate Frankfurt am Main as the company's registered office.[4] Fraport's facilities are on the property of Frankfurt Airport in the city's Flughafen district.[10] Its head office building is Building 178, close to Tor 3 (gate 3).

Shareholders

The company's current shareholding structure is as follows.[11]

Shareholders Percentage
State of Hesse 31.34%
Stadtwerke Frankfurt am Main Holding GmbH 20.01%
Deutsche Lufthansa AG 8.45%
Legg Mason, Inc. 3.00%
BlackRock, Inc. 2.92%
Unknown 34.28%

References

  1. ↑ "History". Fraport.
  2. 1 2 3 "Bilanzpressekonferenz 2016" (PDF) (in German). Fraport.
  3. 1 2 "Annual Report 2010" (PDF). Fraport. Retrieved 2 April 2011.
  4. 1 2 "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."
  5. ↑ "Subsidiaries and Investments". Fraport. Retrieved 31 May 2010.
  6. 1 2 "Greece signs 1.2 bln euro airport deal with Germany's Fraport", Kathimerini english version (14 December 2015).
  7. 1 2 "Greece confirms Germany's Fraport to run regional airports", Reuters (Tue Aug 18, 2015 9:49am EDT).
  8. ↑ " "Fraport Greece Begins 40-Year Concession at 14 Greek Regional Airports", Kathimerini english version (21 March 2017).
  9. ↑ " "Fraport Greece’s Development Plan for the New Era at the Greek Regional Airports", Fraport-Greece english version (22 March 2017).
  10. ↑ "How to find us." Fraport. Retrieved on May 28, 2011.
  11. ↑ http://www.fraport.com/en/investor-relations/the-fraport-share-/basic-data-shareholder-structure.html

Coordinates: 50°03′08″N 8°34′57″E / 50.0521°N 8.5824°E / 50.0521; 8.5824

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.