Fraport - "airport operators have bid advantage over private equity companies"

Fraport's CEO, Wilhelm Bender, has gone on record that he believes the current financial crisis and falling demand for air travel provides airport operators with an advantage over private equity companies in bidding for airports that are for sale. His comments come as Fraport is short listed, along with Changi Airport International and Macquarie, for a USD900 million investment in the proposed new airport project in Kunming and a stake in the company that will operate the new airport, Yunnan Airport Group. Mr Bender also confirmed Fraport is interested in London Gatwick Airport, when the sale process begins, so his comments come at an opportune moment for Fraport.