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Lufthansa and Fraport sign agreement

Airline Industry Information, Sept 28, 2005

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

Germany's Lufthansa and Fraport, the operator of Frankfurt Airport, signed an agreement on ground handling yesterday (27 September).

Under the terms of the five-year agreement the airline will cut the cost of ground handling. According to Lufthansa the savings will be in two-digit millions of euros annually, being achieved through a combination of lower costs and more efficiency, Reuters reported.

Fraport will offset the lower ground handling fees from Lufthansa through cost savings, the CEO Wilhelm Bender has said.

((Comments on this story may be sent to aii.feedback@m2.com))

COPYRIGHT 2005 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
 

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