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Fraport Group buys Airmall USA Holdings

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Staff writer ▼ | August 5, 2014
Fraport
Developer   Airmall oversees about 34,000 square meters at the four airports

The Fraport Group has expanded its international portfolio in the global airport market by acquiring 100 percent of U.S.-based AMU Holdings Inc., which owns Airmall USA Holdings Inc.

One of the leading airport-concessions developers in North America, Airmall markets space at the aviation hubs of Baltimore (BWI), Boston (BOS), Cleveland (CLE) and Pittsburgh (PIT). Together, these four hubs serve a total of about 70 million passengers per year.

Airmall currently oversees about 34,000 square meters (366,000 square feet) of space in the passenger terminals at the four airports with about 270 retail and food and beverage outlets operated by international, national, regional and local tenants.

Airmall's headquarters will remain at Pittsburgh's international airport. The addition of Airmall in the Fraport global portfolio will help provide new two-way synergistic benefits. Both Airmall and Fraport are dedicated to enhancing the passenger experience at airports. Thanks to its successful concessions model in North America, Airmall has one of the highest per-passenger spends on the continent.

Furthermore, Airmall offers substantial expertise in the U.S. marketplace and industry leadership as an innovator. The craft brew pubs at Airmall's CLE and BWI airport malls were recently recognized in GQ Magazine's 2014 America's Best Airport Beer Bars ranking.


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