FRAPORT PIONEERS FOREIGN INVESTMENT IN CHINESE AIR

06/04/2007


FRANKFURT, Germany, April 6 /PRNewswire/ --

- Xi'an Airport Participation Signed Today


Fraport AG is the first foreign airport operator to invest in
a Chinese airport that is not listed on the stock exchange. "We are playing a
pioneering role in this important area and I think we can certainly be proud
of this success," declared Fraport executive board chairman Dr. Wilhelm
Bender.


This morning in China, Bender inked an important international project
for the Frankfurt-based airport company. Fraport AG is taking a 24.5-percent
share in Xi'an Airport located in central China and will take charge of the
airport's operational optimization and commercial development.


Fraport will be investing approximately EUR50 million in the total
project. Approval from the Chinese authorities and completion of the
transaction is expected in the third quarter of 2007.


Bender stressed that Fraport is now opening a new chapter of
activities in China - Asia's other booming growth market - following the
company's airport concession contract signed in Delhi, India, last year. He
described the company's participation in Xi'an as a "first step" and
indicated that Fraport intends to expand its activities in the Chinese
market.


Xi'an, the capital of Shaanxi Province, has a population of
about 7.2 million. It was once China's first imperial city. The famous silk
road begins at Xi'an and the city is especially known for its world-famous
two-thousand-year old Terra Cotta Warriors - China's second-biggest tourist
attraction after Peking.


Negotiations for Fraport's investment in Xi'an started in
November 2005. The airport's previous and exclusive owner, the state-owned
China West Airport Group, will retain the majority of shares. Fraport's
second project partner is China National Aviation Corporation (Group)
Limited, with whom Fraport has been cooperating on other projects for many
years.


Xi'an Airport welcomed about 9.4 million passengers in 2006.
For the current year, the airport expects almost 11 million passengers. Built
at the beginning of the 1990s, the airport is located about 30 kilometers
from the city center.


Xi'an Airport currently has only one runway. However, plans
call for adding a second runway and expanding the passenger terminals.
Shaanxi Province is a center of the Chinese aerospace industry. Therefore,
Xi'an also has gained a reputation as one of China's leading academic
centers.




For More Information, Please Contact:

Fraport AG Frankfurt Airport Services Worldwide
Robert A. Payne, B.A.A. - Manager International Press
Press Office (Dept. UKM-PS), Corporate Communications (UKM)
60547 Frankfurt am Main, Federal Republic of Germany
Tel.: +49-69-690-78547
Fax: +49-69-690-60548
E-mail: r.payne@fraport.de
Internet: http://www.fraport.de/