Fraport in talks with Chinese partner
Germany’s Fraport CFO, Matthias Zieschang, stated the company is in talks with a Chinese partner, as part of plans to expand overseas (Reuters, 25-Jul-2010). Mr Zieschang also commented that traffic during summer 2010 has made up for the shortfall in passenger numbers during the ash cloud crisis. He stated passenger numbers have risen 7% year-on-year in Jun-2010 and Jul-2010 and if the trend continues, “this could have an impact on our results”. The company expects an EBITDA of EUR635 million for 2010.
Fraport: “We are watching the development in Brazil very closely, where large airports are set to be privatised. And in China we are in talks about a further participation,” Matthias Zieschang, CFO. Source: Reuters, 25-Jul-2010.