Fraport AG

Fraport AG is the operator of Frankfurt Airport, a major international air transportation hub. The company is currently newsworthy due to the upcoming opening of Terminal 3 at Frankfurt Airport. This project is significant because it was completed on schedule and within budget, a notable achievement in Germany where large infrastructure projects often face delays and cost overruns. The successful completion of Terminal 3, Europe's largest privately financed construction project, stands in contrast to other challenges facing the German air transport sector, as acknowledged by Fraport's CEO, Stefan Schulte. The terminal's opening on April 23rd marks a significant expansion of the airport's capacity and reinforces Frankfurt Airport's role in international air travel.