Fraport acquires AIRMALL USA

Germany’s Fraport Group has entered the US market and will be managing retail outlets in Balti- more (BWI), Boston (BOS), Cleveland (CLE) and Pittsburgh (PIT) airports.

 

Effective Aug. 1, Fraport acqu- ired 100% of US-based AMU Holdings Inc., which owns AIRMALL USA Holdings Inc. (AIRMALL). One of the leading airport-concessions developers in North America, AIRMALL mar- kets space at these airport hubs, serving a total of about 70 million passengers per year.

 

AIRMALL currently oversees about 366,000 square feet of space in the passenger terminals at the four airports – with about 270 retail and food and beverage out- lets operated by international, national, regional and local tenants.

 

AIRMALL’s headquarters will remain at Pittsburgh’s internation- al airport. The addition of AIRMALL in the Fraport global portfolio will help provide new two-way synergistic benefits — a win-win business relationship, says the company in a statement.

 

Through its concessions model in North America, AIRMALL has one of the highest per-passenger spends on the continent.

For Fraport, AIRMALL offers substantial expertise in the US marketplace and industry leader- ship as an innovator, said the company. The highly awarded AIRMALL most recently was honored in the 2013 ARN Best Airports and Concessionaires Awards (by Airport Revenue News) for best practices in concessions design, customer service, unique services, and overall concessions programs.

 

In addition, 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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