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Fraport benefits from court rulingFraport benefits from court ruling
3-Feb-2004
PHILIPPINES. The Philippine supreme court has declared that the government must pay compensation to Fraport-led consortium Philippine International Air Terminal Corp in order to take control of Manila Ninoy Aquino International airport's new terminal.
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The court confirmed its ruling of May 2003 that the agreement signed by the two parties on the construction and operation of T3 was invalid, but added that at least
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(23-Jan-2004) - The Philippine government must pay Philipine International Air Terminal Company, including Fraport, compensation before it takes over the terminal, the supreme court has ruled
(7-May-2003) - Following Fraport's dispute with the Philippine government over retail revenue control at Manila airport's new terminal three, the Frankfurt-based airport group has revealed that it will take legal action against the government, both on its own and as part of concession consortium Philippines International Air Terminal Co (PIATCO)
(17-Apr-2008) - The airport operator will receive €41.9m ($67m) under the German Investment Guarantee Programme
(6-Nov-2002) -
(30-Aug-2001) -