Frankfurt Airport's expansion underway

1/24/2009 9:45:33 AM

Fraport AG has said they consider the commencement of work on the capacity expansion of Frankfurt Airport (FRA), "a great day for the entire German aviation industry and a signal to the capital market underscoring FRA's future competitiveness."   The company's executive board chairman Wilhelm Bender explained, "the expansion keeps Fraport on course for staying competitive in the future."   Fraport's CEO said, "the new landing runway and the planned Terminal 3 provide the foundation for economic growth and a noticeable increase in jobs at the airport and throughout the region."   Bender pointed out that FRA is not only one of the biggest construction sites but also one of the most significant investment locations in Europe. Fraport alone is investing more than US$5.2 billion in the expansion of Frankfurt Airport.   The expanded runway system will allow for up to 700,000 aircraft movements per year compared to currently about 500,000.   CargoNewsAsia

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