From 01JAN25, Denis de Farias Duarte will head the Cargo Development team at operator Fraport AG and will thus be largely responsible for the further progress of the cargo business at Rhine-Main Airport.
“I am pleased that we have been able to recruit Denis de Farias Duarte, a proven professional from the cargo sector with more than 25 years of international experience in the air freight and logistics industry, for this position,” states Simone Schwab, Head of Aviation and Cargo Development at Fraport AG.
Brazilian native Duarte (49) has 25 years of experience in the air freight and logistics industry. He is moving within the Group from FCS Frankfurt Cargo Services GmbH. After graduating in molecular biology and anthropology, he worked in various positions at Lufthansa Cargo, Qatar Airways and Lufthansa Consulting. In April 2024, he joined FCS in Frankfurt as Senior Sales Manager.
The Cargo Development Team at Fraport AG focuses on the further development and implementation of the Cargo Master Plan for the digitalization and optimization of cargo processes, space growth and site marketing together with partners at the Frankfurt site.
Duarte succeeds Max Conrady, who has held this position for around six years. Conrady left the company at the end of September after nineteen years with Fraport in various roles. Since 01OCT24 he has been a member of the management team of local railway developer Regionaltangente West Planning Company Ltd (RTW GmbH).
The Fraport management further announced that the company has sold its 10% stake in Delhi International Airport Limited (DIAL) to majority owner GMR Airports Infrastructure Limited (GIL) for a price of USD 126 million.
On the occasion, Fraport CEO Stefan Schulte stated: “After a successful 18-year partnership driving impressive growth in Delhi, it’s time to start a new chapter. We look back with pride on the various milestones we’ve achieved together with GIL. We jointly upgraded and expanded Delhi Airport into one of Asia’s leading air transportation hubs.”
The Fraport Group has held its stake in Delhi Airport since India’s capital gateway was privatized in 2006. Fraport currently expects the transaction to be closed within the next 180 days, subject to approval in particular by Airports Authority of India (AAI) and GIL shareholders. The additional cash inflow from the divestiture will contribute to further reducing the Group’s net financial debt
