Fraport


Fraport AG Frankfurt Airport Services Worldwide, commonly known as Fraport, is a German transport company which operates Frankfurt Airport in Frankfurt am Main and holds interests in the operation of several other airports around the world. In the past the firm also managed the smaller Frankfurt-Hahn Airport located 130 kilometers west of the city. It is listed on the Frankfurt Stock Exchange and also through the exchange's Xetra trading system. The company's shares are included in the MDAX. The company's current chief executive officer is. As of 2019, the company has 22,514 employees and annual revenues of about €3.3 billion. Fraport was the main sponsor of the Bundesliga football team Eintracht Frankfurt from 2002 to 2012.
Fraport AG is also involved in ground handling operations at its own operated airports and at third-party operated airports. It mostly operates ground handling services in a deregulated context. Fraport was also involved to make Frankfurt Airport and Indira Gandhi International Airport ready for Airbus A380 operations.

Operations

In addition to various management and infrastructure subsidiaries related to Frankfurt Airport, Fraport's holdings include the following airport operating companies:
CompanyAirport operatedCountryOwnershipLease startLease time
DIAL Delhi International Airport Private LimitedIndira Gandhi International Airport India10%20062036, to be sold to GMR Group in 2025
Fraport TAV Antalya Management A.S.Antalya Airport Turkey50/51%19992024
Fraport Twin Star Airport Management ADBurgas Airport, Varna Airport Bulgaria60%20062041
Lima Airport Partners S.R.L.Jorge Chávez International Airport Peru80.01%20012041
Ljubljana AirportLjubljana Airport Slovenia100%2014no limit
Northern Capital Gateway LLCPulkovo Airport Russia25%20102040
AirMallretail at Baltimore-Washington International Airport, Boston Logan International Airport, Pittsburgh International Airport, Cleveland Hopkins International Airport United States100%2014unknown
Xi'an Xianyang International Airport Co., Ltd.Xi'an Xianyang International Airport China24.5%2008To be sold in 2022
Fraport Brasil – FortalezaPinto Martins – Fortaleza International Airport Brazil100%January 20182047
Fraport Brasil – Porto AlegreSalgado Filho International Airport Brazil100%January 20182042

Greece

As of December 2015, Greece's government signed a privatization deal with Fraport and Greek energy firm Copelouzos with awarding them a 1.2 billion euro contract to lease and manage 14 regional airports for a concession period of 40 years. Fraport started managing the 14 regional airports from 11 April 2017. They have published their master plan for each airport and the computer renderings of the 14 airports after the completion of the construction works.
The airports included in the concession are:
  • Aktion National Airport
  • Cephalonia International Airport
  • Chania International Airport
  • Corfu International Airport
  • Kavala International Airport
  • Kos Island International Airport
  • Mytilene International Airport
  • Mykonos Island National Airport
  • Rhodes International Airport
  • Samos International Airport
  • Santorini National Airport
  • Skiathos Island National Airport
  • Thessaloniki International Airport
  • Zakynthos International Airport
Many complaints have been filed by General Aviation aircraft owners from Greece and abroad, due to high pricing policy and lack of parking spaces in Greek airports operated by Fraport.

Business trends

The key trends for Fraport are :
Revenue Net profit Total assets Employees
20162.53758.820,322
20172.933010.820,673
20183.447411.421,961
20193.742112.622,514
20201.6–65814.021,164
20212.18316.218,419
20223.113217.618,850
20234.039318.817,840
20244.445120.319,001

Headquarters

The company's articles of association designate Frankfurt am Main as the company's registered office. Fraport's facilities are on the property of Frankfurt Airport in the city's Flughafen district. Its head office building is Building 178, close to Tor 3.

Shareholders

The company's current shareholding structure is as follows.
ShareholdersPercentage
State of Hesse31.31%
Stadtwerke Frankfurt am Main Holding GmbH20.32%
Deutsche Lufthansa AG8.44%
Lazard5.02%
Free float/ no indication34.91%