Fraport

Fraport AG Frankfurt Airport Services Worldwide
legal form	AG
ISIN	DE0005773303
founding	1947 as Rhein-Main public transport company; from 1950 Flughafen Frankfurt / Main AG and from 2001 Fraport AG
Seat	Frankfurt am Main , Germany
management	Stefan Schulte , CEO Anke Giesen Michael Müller Matthias Zischang Pierre Dominique Prümm Michael Boddenberg , Chairman of the Supervisory Board
Number of employees	22,514 (2019)
sales	3.7 billion euros (2019)
Branch	Airports
Website	fraport.de
As of December 31, 2019

The Fraport AG (of Fra nkfurt Air port , commercial law: Fraport AG Frankfurt Airport Services Worldwide ), headquartered in Frankfurt am Main is the listed operating company of Frankfurt Airport . As a majority state-owned company, Fraport is a public company . Fraport is involved in other German and international airports.

The Fraport AG share is listed in the MDAX . The chairman of the board is Stefan Schulte , his predecessor was Wilhelm Bender until August 2009 . Furthermore, Anke Giesen (Director Retail & Real Estate), Michael Müller (Labor Director), Pierre Dominique Prümm (Director Aviation) and Matthias Zieschang (Director Controlling and Finance) are currently on the Management Board.

history

Fraport AG share (sample)

Fraport corporate headquarters at night. Building 178 - Gate 3 - Frankfurt Airport

When the Frankfurt Rebstock airfield in the 1930s, its capacity limits reached, was in 1936 in the city forest of flight and the airship port Rhein-Main built.
After the airport had not been completely destroyed in World War II , shortly after the establishment of the US Air Base in 1947, the Rhein-Main Public Transport Company (VAG) was founded and a parallel runway system was completed.
With the economic miracle in the 1950s, the VAG changed its name to Flughafen Frankfurt / Main AG (FAG). The expansion of the West runway in the 1970s and 1980s led to violent conflicts between the airport operator and the environmental movement.

In 1997 FAG signed a contract with the Philippine government for the construction and operation of the planned new Terminal 3 of the Ninoy-Aquino-Airport in Manila , the so-called Manila Terminal Project. The agreement envisaged building the terminal together with local partners and then operating it exclusively for 25 years. The total investment amount of around 350 million euros later had to be written off completely. Public prosecutors later investigated allegations of corruption and breach of trust against managers of the company in Germany, but they were reinstated.

In 2001 the company was partially privatized through an IPO and renamed Fraport AG Frankfurt Airport Services Worldwide . Since December 2012, the corporate headquarters has been located in a new building costing 57 million euros at Gate 3 of Frankfurt Airport.

See also: History of Frankfurt Airport

Ownership

For a long time the sole shareholders in FAG (Flughafen Frankfurt / Main AG) were the state of Hesse , the city of Frankfurt am Main and the federal government .

1955 until the IPO

• 45.242% State of Hesse
• 28.891% City of Frankfurt am Main
• 25.867% Federal Republic of Germany

After going public in 2001

• 31.94% State of Hesse
• 20.40% City of Frankfurt am Main
• 18.27% Federal Republic of Germany
• 29.39% free float

Sale of federal shares

In October 2005, the federal government sold its share, which had been kept in the custody account of the Bundeskasse Bonn at the Bundesbank headquarters in Frankfurt am Main, for around 660 million euros. A few days after the federal government had sold its shares, Deutsche Lufthansa acquired 5 percent of the Fraport shares.

Shareholder structure

Share (in percent)	Shareholders
31.31	State of Hesse
20.00	Stadtwerke Frankfurt am Main Holding GmbH
8.44	Deutsche Lufthansa AG
4.90	Artio Global Investors is part of GAM , Switzerland
4.73	Lazard Asset Management , USA
3.12	BlackRock , USA
3.00	Taube Hodson Stonex Partners, is part of GAM , Switzerland
2.83	Legg Mason Inc. , USA
21.67	Free float

(As of February 14, 2018)

Divisions

• Strategic business areas
  • BET - acquisitions and participations
  • BVD - ground handling services
  • FTU - flight operations and terminal management, corporate security
  • HVM - trade and rental management

• Service areas
  • IFM - Integrated Facility Management
  • IUK - information and communication services
  • PAS - South expansion project
  • ZIM - Central Infrastructure Management

• Central areas
  • DIT - digitization, innovation and transformation
  • FCO - controlling
  • FIR - Finance and Investor Relations
  • PFK - Human Resources Managers at home and abroad
  • PSL - personnel services
  • RAC - Legal Affairs and Compliance
  • REV - Internal Audit
  • REW - accounting
  • UEW - corporate development, environment and sustainability
  • UKM - corporate communication
  • VA - Board of Labor Director
  • VF - Head of Controlling and Finance
  • VI - Aviation Board
  • Board of Directors Retail & Real Estate
  • VV - Chairman of the Board
  • ZEB - Central Purchasing and Construction Procurement
  • ZFL - Central Freight Infrastructure / Air Freight Development

(As of December 2, 2019)

Subsidiaries & holdings

Surname	Seat	proportion of
AirIT Services GmbH Planning and operation of the information and communication infrastructure at Frankfurt Airport	Lautzenhausen	100.0%
AirITSystems GmbH IT services in the areas of security, information & communication, business processes & SAP as well as collaboration solutions	Langenhagen	50.0%
Airmail Center Frankfurt GmbH (ACF) Central handling of international and national airmail at Frankfurt Airport	Frankfurt am Main	40.0%
Airport Assekuranz Vermittlungs-GmbH Takeover of insurance and damage matters for Fraport AG	Neu-Isenburg	100.0%
Airport Cater Service GmbH Operation of the catering facilities for employees at Frankfurt Airport	Frankfurt am Main	100.0%
Airport Service Gesellschaft mbH (ASG) Aircraft interior cleaning, cabin equipment, Search & Clean, aircraft de-icing	Frankfurt am Main	49.0%
Delhi International Airport Private Limited Operation, Management and Development of Delhi Airport	Delhi	10.0%
FCS Frankfurt Cargo Services GmbH Full-service packages for physical and documentary freight handling of import, export and transfer freight at the Frankfurt and Frankfurt-Hahn locations	Frankfurt am Main	49.0%
Flughafen-Kanalreinigungsgesellschaft mbH (FKG) Provision of services in the field of sewer and pipe cleaning within the Fraport Group	Kelsterbach	100.0%
FRA Vorfeldkontrolle GmbH Control of aircraft between the runway / apron and aircraft positions; Current allocation and disposition of aircraft positions / gates	Kelsterbach	100.0%
FraCareServices GmbH Assistance for disabled people and people with restricted mobility, special care for children traveling alone	Frankfurt am Main	51.0%
FraGround Fraport Ground Services GmbH Personnel services in the commercial and industrial sector, temporary employment, personnel placement and recruitment, service and work contracts, on-site management	Frankfurt am Main	100.0%
Frankfurt Airport Retail GmbH & Co. KG Operation of all duty free / travel value shops, various concept stores and the crew shop at Frankfurt Airport	Frankfurt am Main	50.00%
Frankfurter Kanalreinigungsgesellschaft mbH (FKRG) Provision of services in the area of ​​sewer and pipe cleaning outside the Fraport Group	Kelsterbach	100.00%
Fraport Expansion South GmbH Realization (i.e. planning and construction) of the south expansion including the associated measures	Frankfurt am Main	100.0%
Fraport Brasil SA Aeroporto de Fortaleza Management, operation and expansion of Pinto Martins Airport in Fortaleza, Brazil	Fortaleza	100.00%
Fraport Brasil SA Aeroporto de Porto Alegre Management, operation and expansion of the Salgado Filho airport in Porto Alegre, Brazil	Porto Alegre	100.00%
Fraport Casa GmbH Acquisition and management of residential properties as part of the Fraport Casa program	Neu-Isenburg	100.0%
Fraport TAV Antalya Airport Management Inc. Terminal operation and management at Antalya International Airport	Antalya	51.0%
Fraport Immobilienservice und -entwicklungs GmbH & Co. KG Development and marketing of the Mönchhof site and other properties at Frankfurt Airport	Frankfurt am Main	100.0%
Fraport Passenger Services GmbH Passenger Services for Condor Flugdienst GmbH at Frankfurt Airport	Frankfurt am Main	100.0%
Fraport Regional Airports of Greece Management Company SA Operation and management of 14 Greek regional airports	Athens	73.4%
Fraport Slovenija, doo Management and operation of the Ljubljana Airport	Ljubljana	100.00%
Fraport Twin Star Airport Management AD Modernization, expansion and operation of Varna and Burgas airports	Varna	60.0%
FraSec Fraport Security Services GmbH Security services at Frankfurt Airport and Stuttgart Airport	Frankfurt am Main	100.0%
FSG Airport Service GmbH Provision of disposal services at Frankfurt Airport and the surrounding area	Frankfurt am Main	33.33%
GCS Gesellschaft für Cleaning Service mbH & Co. Airport Frankfurt / Main KG Building and parking garage cleaning , services, hygiene services, technical maintenance, pest control	Frankfurt am Main	100.0%
Lima Airport Partners SRL Airport management and operation of Jorge Chavez International Airport	Lima	70.01%
Media Frankfurt GmbH Marketing and leasing of advertising space at Frankfurt Airport, development of advertising media and concepts, production of advertising materials and consulting	Frankfurt am Main	51.0%
medical airport service GmbH Occupational health / safety support for companies, advice in the field of dangerous goods / radiation protection, advice on construction site safety coordination, operation of the "Fluggi-Land" and the "Fitpoint"	Moerfelden-Walldorf	50.0%
N * ICE Aircraft Services & Support GmbH De-icing of aircraft, training of de-icing staff, advice on aircraft de-icing	Frankfurt am Main	52.0%
Northern Capital Gateway LLC Operation of Pulkovo Airport, construction of a new international passenger terminal and modernization of Pulkovo-1 passenger terminal	St. Petersburg	25.0%
operational services GmbH & Co. KG operational and operational support IT services	Frankfurt am Main	50.0%
Perishable Center GmbH + Co. Betriebs KG Support, order picking, quality check and other freight services in the Perishable Center Frankfurt	Frankfurt am Main	10.0%
Shanghai Frankfurt Airport Consulting Service Co. Ltd. Airport consulting and personal training for airports in China	Shanghai	50.0%
Tradeport Hong Kong Ltd. Logistics services in the field of semiconductors and aviation electronics	Hong Kong	18.75%
Xi'an Xianyang International Airport Co., Ltd. Operation of infrastructure and the associated properties at Xi'an Airport, aviation operation	Xianyang City	24.5%

Airport holdings

The company holds stakes in the airports of Antalya (51% voting rights participation) in Turkey , Lima (70%) in Peru and the Bulgarian airports of Burgas and Varna (60% each). At the beginning of 2006, a consortium with Fraport's stake of 10% was awarded the contract for the long-term operation of New Delhi Airport in India . At the beginning of 2010, a consortium with Fraport's participation of 35.5% was awarded the contract for the long-term operation of St. Petersburg Airport in Russia . The Frankfurt-based company has held a 24.5% stake in Xi'an Airport (People's Republic of China) since September 2008 . The 100% subsidiary Fraport Saudi Arabia was responsible for the management, operation and further development of Jeddah Airport and Riyadh Airport until the end of June 2014 .

A management contract to operate the airport in Cairo, Egypt ended in January 2014.

On March 16, 2015, Fraport took over 100% of Ljubljana Airport .

Greece

As early as 2000, what was then FAG took a minority stake in Athens Airport . It was one of the first investments of today's Fraport outside of Frankfurt.

On November 25, 2014, it was announced that Fraport and the Copelouzos Group had been awarded the contract to operate 14 Greek airports for 40 years. Fraport / Copelouzos sat down u. a. by against the bidding groups Holding Corporation America / Metka and Vinci / Ellaktor. The operator of the 14 Greek national airports is Fraport Greece SA, the shares are distributed as follows: 73.4% Fraport AG and 26.6% Copelouzos Group. The airports are in Thessaloniki , Aktio , Kavala and Chania as well as the airports of the islands of Kefalonia , Corfu , Kos , Lesbos, Mykonos , Rhodes , Samos , Santorini , Skiathos and Zakynthos .

The Greek state remains the landowner and retains a 28.5% stake in the operating business. In addition to the purchase price of EUR 1.234 billion, Fraport committed to invest a further EUR 400 million in the airports by 2021. The handover of the airports was completed in early 2017. Attac criticized the terms of the contract because, in their opinion, the Greek state must bear high risks, while Fraport, on the other hand, takes the profits.

Tabular overview of the Fraport airport holdings

Airport	proportion of	since
Ljubljana	100%	2015
Antalya	51% voting rights
Lima	70%
Burgas	60%	2006
Varna	60%	2006
New Delhi	10% of the long-term operation as a member of a consortium	Early 2006
St. Petersburg	Consortium with Fraport holding 35.5% for long-term operation	Early 2010
Xi'an	24.5%	September 2008
Athens	Minority stake	2000
Fortaleza	100%	March 2017
Porto Alegre	100%	March 2017

Former holdings

In Manila, the Philippine project company Piatco, in which Fraport had a 30 percent stake, won the contract to build and operate the third terminal. Shortly before completion, the project was expropriated by the Philippine Supreme Court in 2003 on the grounds of corruption. In 2011, a Philippine court awarded Fraport USD 175 million in compensation. The international arbitration tribunal ICSID decided in February 2015 that Fraport was not entitled to compensation because national laws were deliberately disregarded. The state's highest court ruled in 2015 that the consortium had to be compensated with the Fraport minority stake. In October 2016, Fraport was paid USD 270 million in compensation.

With retroactive effect from January 1, 2009, Fraport transferred its 65 percent stake in Frankfurt-Hahn Airport, which is around 100 kilometers from Frankfurt, to the State of Rhineland-Palatinate for economic reasons . The cooperation with the Hunsrück airport will be continued, however, as this serves as an alternative for night flights.

In June 2012 it was announced that Fraport intends to dispose of its 10 percent stake in New Delhi Airport . There are already negotiations with the Indian infrastructure group GMR. The reasons given were the expiry of the operating license in 2013 and the closure of Fraport's offices in India.

In August 2018, Fraport sold its 30% stake in Hanover Airport to a British financial investor (with effect from October 9, 2018).

Competitors

Fraport competes with German and international airport operators for stakes in airports. These include the French Vinci , the Canadian Avialliance (formerly Hochtief Airport), the British Heathrow Airport Holdings (formerly BAA) and the Australian Macquarie Airports.

However, the company is also in direct competition with other German airports, in particular Munich Airport , for Lufthansa’s volumes.

In addition, there is competition between the air and rail modes of transport within Germany and on some routes (e.g. Frankfurt-Paris).

criticism

Fraport is currently being criticized primarily by residents of Frankfurt Airport due to the expansion and the associated exposure to aircraft noise and pollutants.

The Süddeutsche Zeitung also reported in February 2017 that several of the company's letterbox companies were registered in Malta , which saves the company taxes in Germany.

In January 2018, the Süddeutsche Zeitung reported on the work of the European Research Association for Environment and Health in the Transport Sector (EUGT), which, among other things, made monkeys inhale diesel exhaust gases in an experiment. The head of the Environmental Impacts Department at Fraport AG was also on the board of the association until the end of 2014. Everyone in the club knew about the monkey test with a VW Beetle. In an EUGT report on the work from 2012 to 2015, inhalation experiments with monkeys lasting several hours are openly described.

Sponsorship

Since it was founded, Fraport has been a sports sponsor, mainly in the Rhine-Main area . Fraport was the main sponsor of Eintracht Frankfurt from 2001 to 2012 and has been a premium sponsor ever since. Fraport also supports FSV Frankfurt , 1. FFC Frankfurt and Kickers Offenbach . In June 2011 Fraport announced that it would also invest in basketball for the 2011/2012 season. The basketball players from Frankfurt, previously known as Deutsche Bank Skyliners , have been playing in the Bundesliga since 2011 as Fraport Skyliners . In addition, Fraport secured the naming rights for the Skyliners' venue, the Frankfurt Ball Sports Hall . This has been called the Fraport Arena since 2011 .

In the field of art and culture, Fraport supports the Rheingau Music Festival , the Weilburg Palace Concerts and the Centralstation in Darmstadt.

Personalities

• Erich Becker (1920–2003), CEO 1972–1988
• Hans Krollmann (1929–2016), Chairman of the Supervisory Board 1982–1987
• Horstmar Stauber , CEO 1988–1993
• Wilhelm Bender , CEO 1993–2009
• Stefan Schulte , CEO of Fraport since 2009
• Pascal Behrenbruch , European decathlon champion 2012

Documentation

• We are in! Group lobbyists at the center of power , Sascha Adamek, Kim Otto, WDR (2007) (focus on Fraport)
• Job wonder major airport? On the noise in the face of the economy , Scobel, 3Sat (2012) (report on Fraport)

Web links

• Official website of Fraport AG

Individual evidence

1. ↑ ^{a b} Annual Report 2019 (pdf) Accessed April 20, 2020 . 
2. ↑ Fraport press release  ( page no longer available , search in web archives )
3. ↑ Fraport opens new corporate headquarters , FAZ, edition of March 7, 2013, p. 33
4. ↑ IT service provider at Frankfurt Airport. Retrieved August 13, 2019 . 
5. ↑ Information on the website , accessed on July 16, 2019
6. ↑ Fraport AG ( Memento from March 7, 2008 in the Internet Archive ) "Our airports"
7. ↑ Fraport officially starts with participation in Xi'an , China , September 9, 2008
8. ↑ Copelouzos: Greek regional airports. Retrieved January 3, 2019 . 
9. ↑ Fraport wins contracts for 14 Greek airports. In: faz.net. November 25, 2014, accessed December 11, 2014 . 
10. ↑ Copelouzos: Greek regional airports. Retrieved January 3, 2019 . 
11. ↑ Fraport AG | Media. Retrieved April 20, 2020 . 
12. ↑ Officially: Fraport takes over 14 airports in Greece. In: aero.de. April 11, 2017, accessed April 20, 2020 . 
13. ^ Carl Waßmuth: Greek airports: Fraport collects - the Greek state pays and is liable. In: gemeingut.org. March 15, 2016, accessed April 20, 2020 . 
14. ↑ Compensation for Fraport in Manila , airliners.de, accessed on February 18, 2015
15. ^ Nightmare Manila: No Compensation for Fraport , daserste.ndr.de, accessed on February 18, 2015
16. ↑ Fraport: Repayment of millions from Manila business . ( Online [accessed December 28, 2017]).
17. ↑ See Fraport, Frankfurt-Hahn Airport: Fraport transfers its shares to the State of Rhineland-Palatinate; Press release 06/09. Retrieved February 9, 2012 . 
18. ↑ Fraport AG withdraws from New Delhi. In: aero.de. June 8, 2012, accessed April 20, 2020 . 
19. ↑ Fraport AG: Fraport AG sells its shares in Hanover Airport , press release of August 6, 2018
20. ↑ www.echo-online.de  ( page no longer available , search in web archives )
21. ↑ Many Germans have apparently not reported Maltese companies to the tax office. In: Süddeutsche Zeitung. February 18, 2017. Retrieved February 18, 2017 . 
22. ↑ Max Hägler, Klaus Ott: Diesel affair: Lobby association let monkeys inhale exhaust gases. In: sueddeutsche.de. January 28, 2018, accessed April 20, 2020 . 
23. ↑ EUGT Activity Report 2012 to 2015. (PDF) In: Handelsblatt.com. Retrieved April 20, 2020 . 

Coordinates: 50 ° 3 ′ 7.5 ″  N , 8 ° 34 ′ 56.6 ″  E