German airport operator, Fraport, has formed a joint venture ‘FraAlliance’ with Lufthansa. The aim of the JV is to strengthen the existing cooperation between the two companies on strategic and operational matters at Frankfurt Airport.
Improvements are to be achieved by analysing and optimising processes in terminal operations, as well as by taking a joint, customer-focused approach to product development by enhancing processes and product offerings for flights while boosting the competitiveness of the airport.
One initial outcome of the collaboration is the availability of real-time updates for aviation security checkpoints in the Lufthansa app. This allows passengers to see checkpoint waiting times in Frankfurt via the app and take these times into account when planning their journey.
Pierre Dominique Prümm, Fraport AG’s Executive Director Aviation and Infrastructure commented: “With this joint venture, we’re creating a highly responsive and effective team that can pursue areas of mutual interest and to continue improving passenger services. It’s an important signal for the medium and long-term prospects of Frankfurt Airport.”
He was joined by Jens Ritter, CEO Lufthansa Airlines, who added: “The joint venture will allow us to place stronger and more targeted emphasis on the projects required to realise the aims [of a reliable, punctual and first-rate travel experience]. The new partnership at our Frankfurt hub will deliver significant added value for our customers by implementing innovative, future-focused measures.”
Each company holds a 50% share in the new venture, which will also be staffed equally by both companies.
