Fraport accelerates foreign investment pace
Just as BAA seeks to offload some foreign airport assets and
Aeroports de Paris focuses on developing its Paris airports, Fraport is continuing
to pursue offshore growth opportunities. Last week, it confirmed its long-held
ambition to enter the Chinese aviation market by agreeing to acquire a 24.5%
sharholding in Xi'an Airport for EUR50 million. Under the deal, Fraport will
take over the airport's operations and commercial development. Xian Airport,
the capital of Central China’s Shaanxi Province, handled 9.4 million passengers
in 2006 and forecasts 11 million in 2007.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.