Lufthansa Cargo Freezes Frankfurt Investment

November 19, 2011

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Lufthansa Cargo, the freight arm of Germany's largest airline, is putting on hold plans to invest around EUR€1 billion (USD$1.35 billion) in Frankfurt as a result of a night-flight ban there.

"Lufthansa still wants to invest, but the size is dependent on the night flight regulations," a spokesman said on Friday. The group had planned to invest in a new logistics facility, as well as a new administration building.

A court in Hesse banned flights at Germany's largest airport between 2300 and 0500 local time from the end of October following an appeal by residents over the noise.

The ban affects mostly cargo flights, and Lufthansa Cargo has in response announced plans to station a freight plane in Cologne, and shift goods there via road for onward shipping.

(Reuters)