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Frankfurt Airport. Will Hard Brexit have limited effects?

This is explained by the Fraport CFO Matthias Zieschang

The eventuality of the United Kingdom exit without agreement from the European Union should not cause major problems at the third airport for passenger traffic in Europe. To reveal it to the newspaper "Börsen-Zeitung" was Matthias Zieschang, Chief Financial Officer (CFO) of Fraport -the company that manages the airport of Frankfurt-, who explained how "in the case of hard Brexit there will certainly be agreements to solve potential problems related to passenger transport and cargo". If this does not happen and all connections to and from the UK are cancelled, according to Zieschang "the impact on the finances of the management company would be manageable because they represent only 5% of total business". A figure not to be underestimated, but the almost certainty is that at least sectoral agreements will be found between the United Kingdom and the European Union because the repercussions could be heavy for both parties involved.

Furthermore, the Fraport CFO recalled the interest of the management company in acquiring the 35-year concession to take over the Sofia airport, for which the tender expires on 3 April after it has been postponed for the fourth time because of the difficulties encountered by some companies in preparing the offer. In addition to the European airports, Zieschang announced that it "wants to increase international business through the acquisitions of some airports in Brazil"; strategy that will be put into practice when the announcement of the new president Jair Bolsonaro for the start of a $ 20 billion privatization process will become operational (see AVIONEWS).

M/A - 1218435

AVIONEWS - World Aeronautical Press Agency