Fraport AG
Frankfurt Airport Services Worldwide
Headline: Fraport AG Frankfurt Airport Services Worldwide has retracted its application for increasing airport charges for 2016
Exchange/ Segment: Börse Frankfurt
WKN: | 577330 |
ISIN: | DE0005773303 |
Text:
Effective today, October 29, 2015, Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) has retracted its application filed on July 1, 2015,
for increasing airport charges at Frankfurt Airport by 1.9 percent for the year 2016.
As stipulated under Article 19b of the German Aviation Act, approval of these airport charges is required from the relevant state authority - for Frankfurt Airport this authority is the Hesse Ministry of Economics, Energy, Transportation and State Development (HMWEVL).
Currently, the HMWEVL and Fraport AG have differing views regarding the calculation of essential cost elements - including capital costs. As a
result, Fraport AG will re-examine the issue and submit a new application at the appropriate time. Until a new airport charge schedule comes into force the current charge schedule will remain valid also beyond January 1, 2016.
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