Fraport and Lufthansa sign new service agreement

FRANKFURT (Fraport) - Fraport AG and Deutsche Lufthansa signed a new five-year service contract today at Frankfurt Airport (FRA). This will ensure continuation of the longstanding cooperation between the two companies, when the existing 10-year handling contract at the airline's FRA home base expires at the end of December.

In long and tough negotiations, Fraport and Lufthansa reached an agreement of improved processing and modified service-packages that leads to reductions of double-digit millions of Euro per year for Lufthansa. This is possible due to the close cooperation of both companies and the unique hub-system at Frankfurt. Fraport AG handles more than 350 Lufthansa flights daily at FRA -- thus carrying a considerable responsibility for the reliability and punctuality of Lufthansa's flight operations at its Frankfurt hub. About 3,000 specialists of Fraport's 5,500 strong ground services team handle Lufthansa flight operations on the ground.

Planning reliability for another five years is particularly important for Lufthansa as well as Fraport. "We consider this agreement, which has just been inked with our main customer, to be a challenge for continuously optimizing the handling services that we perform daily for aircraft on the ramp," explained Fraport's executive board chairman Dr. Wilhelm Bender.

This service agreement covers aircraft of Lufthansa, Lufthansa Cargo, and Lufthansa's regional partner airlines as well as Condor.

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