Fraport had asked for approval of a 1.9% fee increase in Frankfurt as of January 2016 but the authorities of the State of Hesse have indicated that its calculations were wrong. According to Fraport’s ad-hoc release, the cost of capital translated into the discrepancy. The airport operator will make some recalculations. It is still open as to whether a new application will come on time for a January 2016 increase.

29 Oct 2015
Fraport withdraws its application for a fee increase in Frankfurt

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Fraport withdraws its application for a fee increase in Frankfurt
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
29 Oct 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
Fraport had asked for approval of a 1.9% fee increase in Frankfurt as of January 2016 but the authorities of the State of Hesse have indicated that its calculations were wrong. According to Fraport’s ad-hoc release, the cost of capital translated into the discrepancy. The airport operator will make some recalculations. It is still open as to whether a new application will come on time for a January 2016 increase.