Fraport takes stake in NW China airport

Germany’s Fraport, the operator of Frankfurt Airport, as become one of the sareholders of Xianyang nternational Airport in Nothwest China’s Shaanxi Province by obtaining a 24.5 percent stake, state media reported. Under an agreement signed last month, Fraport will pay 490 million yuan for the stake while the state-owned company Cina West Airport Group, former […]


Germany’s Fraport, the operator of Frankfurt Airport, as become one of the sareholders of Xianyang nternational Airport in Nothwest China’s Shaanxi Province by obtaining a 24.5 percent stake, state media reported.

Under an agreement signed last month, Fraport will pay 490 million yuan for the stake while the state-owned company Cina West Airport Group, former sole owner of the airport, will hold 50.9 percent of shares.

The other two shareholders are China National Aviation Holding Company with a 24.5 percent stake and Xi’an Airport Logistics Co. Ltd. of China West Airport Group.

The Xianyang Airport is the largest in northwest China and handled 9.4 million passengers last year.