Fraport

Fraport AG Frankfurt Airport Services Worldwide[1]
Company typeAktiengesellschaft
FWB: FRA
MDAX component
ISINDE0005773303
IndustryTransportation
Founded1924 (as Südwestdeutsche Luftverkehrs AG)[2]
HeadquartersFrankfurt Airport
Frankfurt am Main, Hesse, Germany
Key people
Stefan Schulte (CEO and chairman of the executive board), Michael Boddenberg (Chairman of the supervisory board)
ServicesAirport operation
RevenueIncrease €3.260 billion (2019)[3]
Decrease €705 million (2019)[3]
Decrease €421 million (2019)[3]
Total assetsIncrease €12.627 billion (end 2019)[3]
Total equityIncrease €4.623 billion (end 2019)[3]
Number of employees
22,514 (2019)[3]
Websitewww.fraport.com

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 [de]. 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 A380 operations.

Operations

In addition to various management and infrastructure subsidiaries related to Frankfurt Airport, Fraport's holdings include the following airport operating companies:[3]

Company Airport(s) operated Country Ownership Lease start Lease time
DIAL Delhi International Airport Private Limited Indira Gandhi International Airport (DEL) India 10% 2006 2036
Fraport TAV Antalya Management A.S. Antalya Airport (AYT) Turkey 50/51% 1999 2024
Fraport Twin Star Airport Management AD Burgas Airport (BOJ), Varna Airport (VAR) Bulgaria 60% 2006 2041
Lima Airport Partners S.R.L. Jorge Chávez International Airport (LIM) Peru 80.01% 2001 2041
Ljubljana Airport Ljubljana Airport (LJU) Slovenia 100% 2014 no limit
Northern Capital Gateway LLC Pulkovo Airport (LED) Russia 25% 2010 2040
AirMall retail at Baltimore-Washington International Airport (BWI), Boston Logan International Airport (BOS), Pittsburgh International Airport (PIT), Cleveland Hopkins International Airport (CLE) United States 100% 2014 unknown
Xi'an Xianyang International Airport Co., Ltd. Xi'an Xianyang International Airport (XIY) China 24.5% 2008 To be sold in 2022
Fraport Brasil – Fortaleza Pinto Martins – Fortaleza International Airport (FOR) Brazil 100% January 2018[4] 2047
Fraport Brasil – Porto Alegre Salgado Filho International Airport (POA) Brazil 100% January 2018[5] 2042

Greece

A Fraport Greece band barrier at Zakynthos airport

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] 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]

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. Article in major Greek newspaper To Vima[10] and AOPA Hellas website references[11][12]

The key trends for Fraport are (as at the financial year ending December 31):[13]

Revenue (€ bn) Net profit (€ m) Total assets (€ bn) Employees
2016 2.5 375 8.8 20,322
2017 2.9 330 10.8 20,673
2018 3.4 474 11.4 21,961
2019 3.7 421 12.6 22,514
2020 1.6 –658 14.0 21,164
2021 2.1 83 16.2 18,419
2022 3.1 132 17.6 18,850
2023 4.0 393 18.8 17,840

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.[14] Its head office building is Building 178, close to Tor 3 (gate 3).

Shareholders

The company's current shareholding structure is as follows.[3]

Shareholders Percentage
State of Hesse 31.31%
Stadtwerke Frankfurt am Main Holding GmbH 20.32%
Deutsche Lufthansa AG 8.44%
Lazard 5.02%
Free float/ no indication 34.91%

References

  1. ^ a b c "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."
  2. ^ "History". Fraport. Archived from the original on 2017-04-17. Retrieved 2015-11-26.
  3. ^ a b c d e f g h i "Annual Report 2019" (PDF). Fraport.[permanent dead link‍]
  4. ^ "Aeroporto Internacional – Fortaleza – CE" [International Airport – Fortaleza – CE] (in Portuguese). Infraero. Archived from the original on 2018-01-03. Retrieved 2018-03-23.
  5. ^ "Aeroporto Internacional – Porto Alegre – RS" [International Airport – Porto Alegre – RS] (in Portuguese). Infraero. Archived from the original on 2018-03-23. Retrieved 2018-03-23.
  6. ^ a b "Greece signs 1.2 bln euro airport deal with Germany's Fraport", Kathimerini English version (14 December 2015).
  7. ^ a b "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. ^ "Πώς μπορεί η Πολιτεία να βοηθήσει τον αεροπορικό τουρισμό με αεροσκάφη γενικής αεροπορίας". 11 May 2020.
  11. ^ "Στο "Βήμα της Κυριακής" η επιστολή της AOPA Hellas για τα 23 αεροδρόμια – Aopa Hellas".
  12. ^ "Επιστολή της AOPA Hellas στον κ. Μαραγκάκη, COO της Fraport Greece – Aopa Hellas".
  13. ^ "Fraport Fundamentalanalyse | KGV | Kennzahlen". boerse.de (in German). Retrieved 2023-12-03.
  14. ^ "How to find us Archived 2011-07-25 at the Wayback Machine." Fraport. Retrieved on May 28, 2011.

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