Lufthansa and Fraport have established a new joint venture called ‘FraAlliance’, with each company holding a 50 percent stake. The goal of FraAlliance is to strengthen existing cooperation on strategic and operational matters at Frankfurt Airport.
On Thursday (October 20, 2022), Lufthansa announced that they have established a new 50/50 joint venture with Fraport called the ‘FraAlliance.’ The companies intend to use FraAlliance to strengthen cooperation on strategic and operational matters at Frankfurt Airport (FRA), thus deepening their long-term partnership in relation to enhancing the products and services at Frankfurt Airport’s Terminal 1. Some of the areas of improvement the JV plans to improve include business development and operations, customer experience, infrastructure, intermodality and sustainability. These improvements will be realized through analyzing and optimizing terminal operations processes, with a focus on a customer-centric approach to product development.
In Wednesday’s announcement, Fraport’s Executive Director – Aviation and Infrastructure, Dr. Pierre Dominique Prümm, said,
“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.”
Also commenting on the new joint venture, Lufthansa Airlines’ CEO, Jens Ritter, added,
“We want to offer our customers a reliable, punctual, and first-rate travel experience. The joint venture will allow us to place stronger and more targeted emphasis on the projects required to realize these aims. The new partnership at our Frankfurt hub will deliver significant added value for our customers by implementing innovative, future-focused measures.”
One of the first outcomes of the new partnership is the availability of real-time updates for aviation security checkpoints on the Lufthansa app, allowing customers to see waiting times for a more seamless airport experience. Passenger flows have also been carefully analyzed and optimized, allowing for reduced transfer times for around a million travelers each year, by removing redundant security checks. The FraAlliance team will be equally staffed by both companies. The new joint venture is being co-led by Dirk Schusdziara, previously SVP Commercial Affairs at Fraport AG’s Airside and Terminal Management, Corporate Safety and Security – Central Unit, and Jörg Harnisch, previously Head of Lean Project Management & CoE Process Improvement at the Lufthansa Group.
Source: Lufthansa