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Attractive looks, strong performance: Düsseldorf International

At the end of 1997, HOCHTIEF AirPort – today a subsidiary of HOCHTIEF Concessions – won the bidding for Düsseldorf International in the first partial privatization of an airport in Germany. HOCHTIEF Concessions and HTAC hold 30 percent of the shares, while Aer Rianta holds 20 percent. The City of Düsseldorf has retained a 50 percent interest.

In 2009, Düsseldorf International handled 17.8 million passengers. Since this was only two percent fewer than the year before, the airport fared far better than the German average, which registered a year-on-year fall of 4.8 percent.

Following the partial privatization, HOCHTIEF AirPort's activities initially focused on completely restructuring and streamlining the airport company's organization. HTA also put a great deal of work into improvements outside the field of aviation. One result of this: on a 23-hectare former barracks site in the immediate vicinity of the terminal, an airport-owned business park is currently being erected. It is due for completion in 2016. The first construction phase of this Airport City was largely concluded by the end of 2009. The numerous internationally active companies which have already set up in business there currently provide 1,200 jobs. Once all the related projects have been finished, the total will be around 4,500.

January 2008 saw the start of an expansion program to strengthen Düsseldorf's position as the third-largest aviation hub in Germany. The airport company has invested around EUR 300 million, of which EUR 200 million will go into developing the infrastructure and creating greater convenience for airlines and passengers. Since May 2008, for instance, Terminal C has been reserved exclusively for non-Schengen traffic. Passenger and security controls have been set up in a new airside connection between Terminals B and C to facilitate transit traffic. Terminal A is also being converted to handle transfer passengers for Lufthansa. Düsseldorf International is investing a further EUR 100 million in the airport's range of retail outlets and catering facilities.

Another part of the investment program is Terminal Carpark 7, with 3,000 new parking spaces. It was opened in June 2009 and is a twin building of the rental car center which went into operation in May. A passenger bridge connects the two buildings directly with the terminal. By making the new center the base for car rental, the airport has increased its parking space offer for passengers by a total of about 3,500 new spaces.

Further information

Key project data

Contract for the reconstruction and operation of Düsseldorf International
Form of privatization: Partial privatization, public-private partnership, contract concluded at the end of 1997, duration open-ended
Shareholders: City of Düsseldorf (50%), Aer Rianta Int.cpt (20%), HOCHTIEF Concessions via HOCHTIEF AirPort (20%), HTAC (10%)
Germany's third-largest airport, located in Europe's third-strongest economic region*: Düsseldorf as a region comes third in regards to gross domestic product, right after London and Paris. 18 million people living in the patch of the airport within a 100 kilometre distance

*Source: Eurostat

Reasons for investment

Düsseldorf International is Germany's third-biggest airport. In 2010, around 80 airlines fly from here to more than 170 destinations around the world.

Shareholders

Düsseldorf International is 50-percent owned by the City of Düsseldorf, the remaining 50 percent of the stock is in the hands of private shareholders. Of this, 20 percent is held by Aer Rianta and 30 percent by HOCHTIEF Concessions and HTAC (HOCHTIEF Concessions accounts for 20 percent and HTAC for 10 percent, with the HTAC interest being managed by HOCHTIEF AirPort).

Shareholders Flughafen Düsseldorf GmbH

Passengers

Year Passengers

2001 15.4 million

2002 14.7 million

2003 14.3 million

2004 15.3 million

2005 15.5 million

2006 16.6 million

2007 17.8 million

2008 18.2 million

2009 17.8 million

Financial Highlights 2009

Revenues EUR 393.3 million

of which Aviation EUR 260.7 million

of which Non-Aviation EUR 132.7 million

EBITDA EUR 122.1 million

In 2009, Düsseldorf International handled 17.8 million passengers. Since this is only two percent down on the prior year, it bucks the crisis-induced trend in this sector.
Hangar 7, which was completed at the end of April 2009, can accommodate up to three A 340-600 wide-bodied aircraft. Air Berlin uses the hangar as a maintenance base.	The SkyTrain, a fully automatic cabin rail link, takes passengers straight from the railway station into the airport terminal.