Fraport Group buys Airmall USA HoldingsStaff writer ▼ | August 5, 2014
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.
Developer Airmall oversees about 34,000 square meters at the four airports
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. ■