Type Aktiengesellschaft Operating income | Traded as FWB: FRA Services Airport operation Revenue 2.4 billion EUR (2014) Founded 1947 | |
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Key people Stefan Schulte (CEO and chairman of the executive board), Karlheinz Weimar (Chairman of the supervisory board) Stock price FRA (ETR) € 60.45 +1.18 (+1.99%)16 Mar, 5:35 PM GMT+1 - Disclaimer CEO Stefan Schulte (1 Sep 2009–) | ||
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 both the Xetra and the Frankfurt Stock Exchange. The company's current chief executive officer is Stefan Schulte. As of 2009, the company has approximately 20,000 employees - about 17,500 of them in Frankfurt - and an annual revenue of about €2 billion. Fraport was the main sponsor of the Bundesliga football team Eintracht Frankfurt from the 2002/2003 season to 2012.
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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 A380 operations.
Operations
In addition to various management and infrastructure subsidiaries related to Frankfurt Airport, Fraport's holdings include the following airport operating companies:
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. The Fraport will start managing the 14 regional airports at 15th of March 2017.
The airports included in the concession are:
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 (gate 3).
Shareholders
The company's current shareholding structure is as follows.