(Reuters) – German airport operator Fraport (FRAG.DE) is in talks with a Chinese partner as it seeks expansion opportunities overseas, the German firm’s chief financial officer told Frankfurter Allgemeine Sonntagszeitung.
CFO Matthias Zieschang said in an interview with the paper the company was looking for ways to expand.
“We are watching the development in Brazil very closely, where large airports are set to be privatized. And in China we are in talks about a further participation,” Zieschang told the paper, without giving further details.
He further said summer traffic has been good enough to make up for the passenger shortfall caused by the ash cloud earlier this year.
Passenger traffic in June and July has been 7 percent higher than in the year-earlier period he told the paper, adding, “If this trend continues this could have an impact on our results.”
Currently Fraport expects earnings before interest taxes depreciation and amortization of 635 million euros ($819 million) for 2010.
(Reporting by Edward Taylor; editing by Karen Foster)