Fraport AG
Profile of Fraport AG July 21, 2009Fraport AG (formerly Flughafen Frankfurt/Main AG) boasts a long tradition as an airport operator. Founded in 1924 under the name Südwestdeutsche Luftverkehrs AG, the company initially operated Frankfurt Airport at the Rebstock airfield. With the 1936 opening of Flug- and Luftschiffhafen Rhein-Main adjacent to the Frankfurter Kreuz autobahn intersection, the core of what is today’s Frankfurt Airport (airport code = FRA) started operations.
Today Frankfurt Airport – with its runways, aeronautical facilities, two passenger terminals, as well as CargoCity South and North and the Mönchhof logistics development area – covers an area of approximately 21 square kilometers. Fraport owns the airport site and provides various facilities to airlines and other users, including DFS German Air Navigation Services, as well as a large number of agencies and airport concessionaires – a total of more than 500 businesses and organizations. About 71,000 employees – of which nearly 19,000 (as of the end of 2008, including apprentices and staff on leave) alone work for Fraport AG and its local subsidiaries and affiliated companies – make Frankfurt Airport Germany’s “biggest employment complex at a single location”.
Fraport AG offers a wide range of high-quality airport services that ensure the smooth flow of flight operations and give Frankfurt Airport an edge over its international competitors in many aspects. In addition to airfreight and passenger transportation, aircraft handling and apron management, Fraport’s services include the baggage conveyor system and the Sky Line people-mover, which shuttles between both passenger terminals. At FRA all passenger services are located under a single roof ensuring passengerfriendly connecting times of approximately 45 minutes.
In 2008, Fraport welcomed nearly 53.5 million passengers and handled about 2.1 million metric tons of airfreight at Frankfurt Airport. In terms of passengers, FRA ranks third in Europe after London-Heathrow and Paris- CDG. In terms of cargo, FRA is number two after Paris-CDG. Worldwide, Frankfurt ranks ninth for passenger traffic and seventh for cargo tonnage (ACI preliminary 2008 annual figures). An average of 1,350 aircraft takeoff or land at FRA daily.
As of June 30, 2009, Fraport AG’s shareholder structure included: the State of Hesse with 31.52 percent; the City of Frankfurt with 20.13 percent (via Stadtwerke Frankfurt am Main Holding GmbH); Julius Bär Holding AG with 10.33 percent; Deutsche Lufthansa AG with 9.93 percent; Taube Hodson Stonex Partners with 3.58 percent; Arnhold and S. Bleichroeder Holdings, Inc. with 3.02 percent; Artisan Partners Ltd. Partnership with 2.99 percent; Morgan Stanley with 2.94 percent and unknown (including staff shares) with 15.56 percent. The latest details about Fraport’s shareholder structure and other details can be found on the Internet at www.fraport.com.
Through investments and subsidiaries, Fraport AG is active at airports in Europe, Africa and the Middle East, China and India, and South America. Gained over many decades at the Frankfurt international air transportation hub, the company’s expertise and services are increasingly in demand around the globe.
| Address: | Frankfurt Airport Services Worldwide 60547 Frankfurt am Main |
| Website: | www.fraport.com |