Tag: Fraport

Fraport Sells Its Stake in Hanover Airport

Fraport AG signed an agreement to sell its entire 30 percent stake in Flughafen Hannover-Langenhagen GmbH (FHLG) to iCON Flughafen GmbH (iCON)  for 109.2 million euros. FHLG is the operating company of Hanover Airport in northern Germany. Fraport acquired shares in FHLG in two steps: initially 20 percent in 1998, followed by another 10 percent […]

Ryanair On Collision Course with German Carrier Lufthansa

Ryanair has confirmed plans to move into Lufthansa’s home hub of Frankfurt, stepping up its push into bigger airports and ratcheting up pressure on the German carrier which is expanding its own budget flights. Lufthansa said earlier yesterday it would offer fewer seats than planned this quarter as it seeks to offset pressure on ticket […]

Mixed First Quarter Fortunes For Frankfurt

Frankfurt airport operator Fraport said it had mixed financial results in a challenging business environment in its interim report for the first quarter of 2016. With passenger traffic still growing – up 3.3% year-on-year, Fraport achieved higher revenue from airport and infrastructure charges as well as from aircraft handling, but this was offset by a […]