Xi'an airport
After flirting with China’s airports for several years, Frankfurt airport operator Fraport has finally settled down in Xi’an, Shaanxi province, in northwest China.
Fraport Asia has acquired a 24.5″ stake in the new Xi’an Xianyang International Airport, one of the top 15 cargo airports in China and a fast-growing passenger destination, for $71.79 million. The other main partners in the venture is China West Airport Group with a 50.9% stake and China National Aviation with 24.5%.
The $293 million joint venture began operations early last month. It owns the infrastructure and associated land at Xi’an airport and is responsible for all airside facilities.
Robert Payne, an official with Fraport, said the Xi’an deal was clinched more than a year ago and was just awaiting approval from Beijing authorities.
More HERE.
Source: Cargonews Asia
