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Fraport Celebrates 10th Anniversary of Lima Airport Concession

February 3, 2011

FRANKFURT, Germany, February 3, 2011 /PRNewswire-FirstCall/ — Last night
in the Peruvian capital, Fraport AG and its majority-owned Lima Airport
Partners (LAP) joint venture company celebrated the 10th anniversary of the
successful Jorge Chavez International Airport Lima concession, which began in
February 2001. The event was attended by Peru’s first vice president Luis
Giampietri
and other high-ranking business and political leaders –
underscoring the airport’s significance as a key gateway for the country.
Speaking at the event, Fraport AG’s executive board chairman Dr. Stefan
Schulte
said: “We are proud of this win-win airport privatization concession
which benefits not only travelers worldwide but serves as a strategic
aviation gateway for Peru and the region.”

“We have demonstrated our dedication and long-term commitment to this
project. Traffic has grown from less than 4 million passengers in 2001 to
more than 10 million in 2010. Jorge Chavez was the first airport to achieve
investment grade status in the region. Lima Airport has won numerous awards
because of its commitment to quality and high service standards. And, Lima
Airport Partners has transferred more than $700 million to the Peruvian
government since the beginning of the concession,” Schulte added.

Lima Airport (LIM) welcomed about 10.3 million passengers in 2010,
surging by 17.0 percent year-on-year. Since Fraport took over operations a
decade ago, LIM has recorded a 10.8 percent compounded annual rate of growth
in passenger traffic. Last year, passenger growth was driven, in particular,
by additional frequencies on domestic routes. LIM handles well over 90
percent of the country’s international traffic. More international routes are
expected in 2011, including several European destinations. Cargo throughput
also advanced last year by 17.0 percent to nearly 272,000 metric tons, while
aircraft movements climbed by 14.8 percent to more than 120,000 takeoffs and
landings. Thus, LIM continues to strengthen its position as a regional air
transportation hub for Latin America.

LAP took over the operation of Lima Airport on February 14, 2001. Fraport
has a 70.01 percent shareholding in Lima Airport Partners, followed by
International Finance Corporation (IFC) with 19.99 percent and AC Capitales
Safi of Peru (Fondo de Inversion en Infrastructura, Servicios Publicos y
Recursos Naturales) with 10.0 percent. Under the 30-year airport concession
(with a 10-year option to extend) Fraport assumed the contractual role of
airport manager and is responsible for operations, security, planning,
maintenance and other activities.

Since 2001, Lima Airport Partners (LAP) has invested $272.5 million in
modernizing and expanding the passenger terminal as well as improving airside
infrastructure, computer and communications systems, and enhancing customer
service. Milestones have included redevelopment of the terminal complex, the
new Peru Plaza shopping mall in 2005, new gates and passenger loading
bridges, various other airside improvements, implementation of SAP computer
applications and Red Gigabit – an advanced computer communications network
for LAP and other users of the airport community.

“For the future, we see further growth and development. Jorge Chavez
International Airport will continue to be a very important part of the
Fraport Group family, and we will continue to develop the airport’s capacity
- as the main gateway to Peru and the leading gateway to the region,” added
Schulte.

Fraport AG’s know-how has played a significant role in modernizing and
expanding Peru’s international air transportation gateway during the past
decade. Along with implementing high international aviation standards, LAP
offers passengers a world-class and economically successful airport. LIM
http://www.lima-airport.com) serves as an attractive calling card for this
fascinating Andean country and the surrounding region. Peru’s vast tourism
and economic potential and its strategic geographic location are important
advantages for further developing Lima as a leading Latin American gateway.

_________________________________________________________________________

Print-quality photos of Frankfurt Airport and Fraport AG are available
free for downloading via the Internet at http://www.fraport.com (Menu: select
Press Center > then Photo Service). For TV news and information broadcasting
purposes only, we also offer free footage material for downloading via
http://fraport.cms-gomex.com.

    _________________________________________________________________________

    For Further Information, Please Contact:
    Fraport AG Frankfurt Airport Services Worldwide
    Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR
    International Spokesman, Press Office (Dept. UKM-PS),
    Corporate Communications, 60547 Frankfurt am Main, Germany
    Tel.: +49-69-690-78547; E-mail: r.payne@fraport.de; Internet:

http://www.fraport.com

SOURCE Fraport AG


Source: newswire



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