Fraport accelerates foreign investment pace
Just as BAA seeks to offload some foreign airport assets and
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%
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.
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