Manila project hits Fraport

16-Apr-2002

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GERMANY. Airport operator and services group Fraport has announced a 5% fall in earnings before interest, tax, depreciation and amortisation for 2001. Although the German company?s revenues were up on

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(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)