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 Increase €2.935 billion (2017)[2]
Increase €1.003 billion (2017)[2]
Decrease €330 million (2017)[2]
Total assets Increase €10.832 billion (end 2017)[2]
Total equity Increase €4.029 billion (end 2017)[2]
Number of employees
 Increase 20,673 (2017)[2]
Website www.fraport.com

Fraport AG Frankfurt Airport Services Worldwide,[3] 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 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 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]

Company Airport(s) operated Country Ownership Lease start Lease time
DIAL Delhi International Airport Private LimitedIndira Gandhi International Airport (DEL)India10%unknown
Flughafen Hannover-Langenhagen GmbHHanover-Langenhagen Airport (HAJ)Germany30%unknown
Fraport IC Ictas Antalya Airport Terminal Investment and Management Inc.Antalya Airport (AYT)Turkey51%unknown
Fraport Twin Star Airport Management ADBurgas Airport (BOJ), Varna Airport (VAR)Bulgaria60%unknown
Lima Airport Partners S.R.L.Jorge Chávez International Airport (LIM)Peru70%unknown
Ljubljana AirportLjubljana Airport (LJU)Slovenia100%unknown
Northern Capital Gateway LLCPulkovo Airport (LED)Russia35.5%unknown
AirMallretail at Baltimore-Washington International Airport (BWI), Boston Logan International Airport (BOS), Pittsburgh International Airport (PIT), Cleveland Hopkins International Airport (CLE)United States100%unknown
Xi'an Xianyang International Airport Co., Ltd.Xi'an Xianyang International Airport (XIY)China24.5%unknown
Fraport Brasil – FortalezaPinto Martins – Fortaleza International Airport (FOR)Brazil100%January 2018[5]30 years[5]
Fraport Brasil – Porto AlegreSalgado Filho International Airport (POA)Brazil100%January 2018[6]25 years[6]

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.[7][8] The Fraport started managing the 14 regional airports from 11 April 2017.[9] 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.[10]

The airports included in the concession are:[8][7]

Headquarters

The company's articles of association designate Frankfurt am Main as the company's registered office.[3] Fraport's facilities are on the property of Frankfurt Airport in the city's Flughafen district.[11] Its head office building is Building 178, close to Tor 3 (gate 3).

Shareholders

The company's current shareholding structure is as follows.[12]

ShareholdersPercentage
State of Hesse31.34%
Stadtwerke Frankfurt am Main Holding GmbH20.01%
Deutsche Lufthansa AG8.45%
Legg Mason, Inc.3.00%
BlackRock, Inc.2.92%
Unknown34.28%

References

  1. ↑ "History". Fraport.
  2. 1 2 3 4 5 6 "Annual Report 2017" (PDF). Fraport.
  3. 1 2 "Articles of Association of Fraport AG Frankfurt Airport Services Worldwide Archived 2011-10-01 at the Wayback Machine.." 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."
  4. ↑ "Subsidiaries and Investments". Fraport. Archived from the original on 5 August 2009. Retrieved 31 May 2010.
  5. 1 2 "Aeroporto Internacional - Fortaleza - CE" [International Airport - Fortaleza - CE] (in Portuguese). Infraero. Retrieved 2018-03-23.
  6. 1 2 "Aeroporto Internacional - Porto Alegre - RS" [International Airport - Porto Alegre - RS] (in Portuguese). Infraero. Retrieved 2018-03-23.
  7. 1 2 "Greece signs 1.2 bln euro airport deal with Germany's Fraport", Kathimerini english version (14 December 2015).
  8. 1 2 "Greece confirms Germany's Fraport to run regional airports", Reuters (Tue Aug 18, 2015 9:49am EDT).
  9. ↑ " "Fraport Greece Begins 40-Year Concession at 14 Greek Regional Airports", Kathimerini english version (21 March 2017).
  10. ↑ " "Fraport Greece’s Development Plan for the New Era at the Greek Regional Airports", Fraport-Greece english version (22 March 2017).
  11. ↑ "How to find us Archived 2011-08-26 at WebCite." Fraport. Retrieved on May 28, 2011.
  12. ↑ 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

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