Fraport AG, the German airport operator, has sold its 10% stake in Delhi International Airport Limited (DIAL) to GMR Airports Infrastructure Limited (GIL) for USD 126 million. This divestiture marks the end of a long-standing partnership that began in 2006 and reflects Fraport’s strategic shift towards focusing on other business priorities. The transaction is expected to be finalized within the next 180 days, subject to regulatory approvals.
Frankfurt Airport, Germany’s largest aviation hub, saw a modest 0.5% increase in passenger traffic in July compared to the previous year. This represents a significant slowdown from earlier months in 2024. While long-haul routes show strong demand, the airport’s overall recovery from the COVID-19 pandemic remains a work in progress.
Frankfurt Airport (FRA) saw a 1.4% increase in passenger traffic in June 2024, reaching 5.6 million passengers. However, this growth was influenced by the timing of the Whitsun holiday and remains 14.4% below pre-Covid levels. Cargo traffic at FRA rose by 11.4%, and the airport’s international portfolio also saw mixed results. While Ljubljana Airport saw a significant increase, Brazilian airports in Fortaleza and Porto Alegre experienced a drop due to flooding. Lima Airport saw a surge, and Fraport’s Greek regional airports saw a positive increase.
