Fraport Signs Concession Agreements for Fortaleza and Porto Alegre Airports in Brazil
(WorldNews Germany)

28.07.2017 ANR 28/2017 FRA/rap - Fraport AG has signed the concession agreements with the Brazilian government for managing and developing Fortaleza (FOR) and Porto Alegre (POA) airports. Following its double airport win at the government`s public auction on March 16, 2017, Fraport AG has been planning and creating the foundation for the new Fraport Brasil airport companies, which are expected to take over operations at the Fortaleza and Porto Alegre gateways by the beginning of 2018. Before the concession signing could take place, Fraport AG had to establish Brazilian subsidiaries. Dr. Stefan Schulte, Fraport AG`s executive board chairman, underscored the importance of the company`s...