Germany: Frankfurt Airport to build LCC terminal

German airport operator Fraport has applied for a building permit to construct a new Pier G at Frankfurt Airport to accommodate the growing low-cost segment. Construction is scheduled to begin in mid-2018. Frankfurt is Germany’s biggest airport and the major hub of Lufthansa. Fraport executive board chairman Stefan Schulte said, “Frankfurt is and will remain a hub airport. However, the development of the aviation market as a whole means that, in addition to the traditional full-service offering, we have to take the needs of low-cost providers into account and continuously enhance our processes.” Pier G was originally envisaged as the second phase in the construction of Frankfurt Airport’s new Terminal 3, but is now being realized and commissioned ahead of schedule. “The LCC market share at Frankfurt Airport is around 2%. We support growth at Frankfurt, but our main business will remain as a hub, not the LCC business,” a Fraport spokesperson said. The new pier is to be constructed in three phases. <br/>