Tag Archives: Frankfurt Airport

GMR Airports Infrastructure (formerly GMR Infrastructure) has entered into a share purchase agreement with Fraport AG Frankfurt Airport Services Worldwide, to acquire 10 per cent stake held by the latter in Delhi International Airport for a consideration of USD 126 million. GIL currently holds 64 per cent of the paid-up capital of DIAL and post the proposed acquisition, its stake in DIAL would increase to 74 per cent. The Airports Authority of India (AAI) will continue to hold 26 equity stake of DIAL, the company said in a statement. “Post consummation of the transaction, Fraport’s appointment as the airport operator of DIAL shall continue to be governed by the Airport Operator Agreement and/or any other agreement(s) executed in relation to its role as the airport operator,” it said. The company further stated that the transaction, which is subject to the AAI’s approval and approval of GIL shareholders, along with customary closing conditions, is expected to be concluded within 180 days from the date of execution of the agreement. “Fraport has been one of the original shareholders and have been our partners in airport journey. They have extended significant technical support to Delhi Airport as per their role of airport operator,” GBS Raju, Business Chairman (Airports), GMR Group, said. Commenting on the development, Kiran Kumar Grandhi, Corporate Chairman of GMR Group said, “The acquisition of additional stake in DIAL is in line with our objective of consolidating our presence in core assets of the Group and signifies the importance of Delhi airport in the overall group portfolio.”

Fraport AG is developing an innovative digital data exchange platform for freight handling at Frankfurt Airport. The project is carried out in cooperation with the Freight Unit of the German Customs Office, the Freight Forwarding and Logistics Association of Hesse/Rhineland-Palatinate (SLV), the Association of Air Cargo Handlers in Germany (VACAD), as well as DAKOSY AG and other partners from the cargo community at Frankfurt Airport. The new platform, ‘FRA-OS’, will serve as a digital marketplace providing numerous applications for process optimisation. Following a year of preparation headed by Fraport, SLV and VACAD as well as initial investments by these parties, a first element of the project is now being implemented. Together with the German software company DAKOSY, Fraport AG is investing in the development of the digital import platform “FRA-OS Import”. This platform will help standardise, simplify and speed up customs and import processes at Frankfurt Airport. ‘FRA-OS Import’ automates the data exchange between all parties involved in the import processes. This will facilitate even complex customs procedures, including those which in the near future will be required for the presentation of goods for customs clearance. For example, the system will be able to support the risk assessment of goods to be imported. Moreover, the platform can provide shipment-related information on every single step along the import process at the airport. This will allow customs applications to be submitted earlier and with greater precision than is currently the case, hence speeding up the entire import process. “We expect the new import platform to result in even smoother and more reliable processes. Our aim is to make work easier for our on-site partners. In particular, we expect the import platform to …