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Fraport cuts spending ahead of new terminal
Published Sun, Dec 1, 2013 · 10:00 PM
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[FRANKFURT] Fraport, the operator of Germany's largest airport, Frankfurt Airport, is throttling back its capital expenditure ahead of a planned major investment in a third terminal there from 2016, its finance chief told a German newspaper.
"Our first priority was to create the necessary capacities for future growth. We did that," chief financial officer Matthias Zieschang…
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