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Fraport Brasil Begins Operations at Fortaleza and Porto Alegre Airports

Some BRL 600 million to be invested at each gateway

(lifePR) (Frankfurt, ) Fraport Brasil (a wholly-owned subsidiary of Fraport AG) today started operations at Fortaleza's Pinto Martins International Airport (FOR) and Porto Alegre's Salgado Filho International Airport (POA). The operational takeover follows the completion of the required joint transition period with Infraero, the state-owned authority that previously ran both airports. Fraport AG won the FOR and POA concessions in March 2017 during a public auction of four airports under Brazil's third round of airport privatizations.
Some BRL 600 million is expected to be invested at each airport for infrastructure improvement and development projects during the corresponding concession periods.

Dr. Stefan Schulte, Fraport AG's executive board chairman, emphasized:

"We are proud to welcome these two 'best-located' gateways to the Fraport global portfolio. With Porto Alegre and Fortaleza, we now have three airports in South America and a total of 30 airports where we are active worldwide.
Our mandate is to enhance the passenger experience while strengthening the role of these airports for their respective stakeholders and regions."

Andreea Pal, CEO of Fraport Brasil, explained: "We strongly believe in the potential of Fortaleza and Porto Alegre airports. We are focusing our efforts on raising the attractiveness of these two airports through ongoing improvements in infrastructure and operational processes."

The Fraport Brasil Fortaleza operating company has been established to run the FOR concession in the federal state of Ceará for 30 years, while Fraport Brasil Porto Alegre has been created for the 25-year POA concession in Rio Grande du Sol. Both airports are located about 3,200 km by air (4,200 km by car) from one another along the Atlantic seaboard of Brazil.

Fraport AG - Frankfurt Airport Services Worldwide

One of the leading players in the global airport business, Fraport AG offers a wide range of operational and management solutions based on over 90 years of aviation expertise. Fraport's portfolio of companies spans four continents with activities at 30 airports worldwide. In business year 2016, the Fraport Group generated sales of €2.59 billion and profit of about €400 million. In 2016, some 105 million passengers used airports in which Fraport has more than a 50 percent stake. In its Mission Statement, Fraport places the focus on customers. The Group's commitment to ensuring a "good trip" to all passengers and travelers is also reflected in the corporate slogan: "Gute Reise! We make it happen". This applies to all of Fraport's business activities and services at Germany's largest aviation hub in Frankfurt and the Group's airports worldwide.

At its Frankfurt Airport (FRA) home base, Fraport welcomed more than 60 million passengers and handled about 2.11 million metric tons of cargo (airfreight and airmail) in 2016. For the current winter timetable, FRA is served by 89 passenger airlines flying to 262 destinations in 100 countries worldwide. With 128 intercontinental destinations, almost half of all destinations are intercontinental (beyond Europe) - underscoring Frankfurt's role as a leading hub in the global air transportation system. In Europe, Frankfurt Airport ranks second in terms of cargo tonnage and is the fourth busiest for passenger traffic. With about 55 percent of all passengers using Frankfurt as a connecting hub, FRA also has the highest transfer rate among the major European hubs.

Frankfurt Airport City has become Germany's largest job complex at a single location, employing approximately 81,000 people at some 450 companies and organizations on site. Almost half of Germany's population lives within a 200-kilometer radius of the FRA intermodal travel hub - the largest airport catchment area in Europe. FRA also serves as a magnet for other companies located throughout the economically vital Frankfurt/Rhine-Main-Neckar region. Thanks to synergies associated with the region's dynamic industries, networked expertise, and outstanding intermodal transportation infrastructure, FRA's world route network enables Germany's export-oriented businesses to flourish in global markets. Likewise, FRA is a key gateway for companies wanting to access the huge European marketplace. Thus, Frankfurt Airport - which is strategically located in the heart of Europe - is one of the most important hubs in the global logistics chain.