- Business
- Fraport AG Frankfurt Airport Services Worldwide operates Frankfurt Airport, Germany's largest aviation hub, and manages interests in 29 airports across Europe, Asia, the Americas, and Africa; the company provides comprehensive airport services including aviation operations such as terminal management and passenger processing, retail and real estate development with space leasing and advertising, ground handling encompassing baggage, aircraft loading, passenger services, and freight transport, as well as international activities involving airport management, consulting, IT infrastructure, security, construction, and facility maintenance. Founded in 1924 as Südwestdeutsche Luftverkehrs AG and headquartered in Frankfurt am Main, Germany, Fraport serves over 174 million passengers annually across its network, with Frankfurt Airport handling 61.6 million passengers and 2.1 million metric tons of cargo in 2024; it targets airlines, passengers, retailers, and logistics firms through an integrated model emphasizing sustainability, including tightened climate goals to reduce Group emissions to zero by 2045. Recent developments include the expansion of its retail partnership with Gebr. Heinemann, securing over 3,000 square meters in Frankfurt's forthcoming Terminal 3 opening in 2026, and a November 2025 strategic cargo partnership with Shanghai Pudong International Airport via a Memorandum of Understanding to optimize regulatory processes, enhance cross-border e-commerce handling, and jointly pursue market opportunities between Europe and Asia.