Airport Technology

German airport operator Fraport has said that it is critically reviewing its minority interest in Pulkovo Airport operating company in St Petersburg, Russia, on a daily basis.

Fraport suspended business at Pulkovo in March, following Russia’s offensive against Ukraine.

However, a contract prevents it from offloading its 25% minority stake before 2025. 

Last month, the German operator said that selling the stake would not automatically help Ukraine but would rather offer Russia a three-digit million euro asset.

Fraport has now stated that the situation could change if it finds evidence of the facility being used by Russia to attack Ukraine or if the airport is hit with sanctions.

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