Germany's Fraport, the operator of Frankfurt Airport, has become one of
the shareholders of Xianyang International Airport in northwest China's Shaanxi
Province by obtaining a 24.5 percent stake.
Under an agreement signed here Friday at an investment and trade forum,
Fraport will pay 490 million yuan for the stake while the state-owned company
China West Airport Group, former sole owner of the airport, will hold 50.9
percent of shares.
The other two shareholders are China National Aviation Holding Company with a
24.5 percent stake and Xi'an Airport Logistics Co. Ltd. of China West Airport
Group.
The Xianyang Airport is the largest in northwest China and handled 9.4
million passengers last year.
