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Former President of Boeing Middle East joins BAA s Advisory Board

The former President of Boeing Middle East, Turkey and Africa becomes the first American on the advisory board, following the earlier appointments of Laila Hareb Almheiri, Stefan Pichler, Dr. Michael Kerkloh, Tilmann Gabriel and Aya Sadder. Dunn brings over four decades of leadership and managerial experience – nearly all of it international – to the consultancy for the aviation industry.

Munich Airport s CEO to remain at the helm of the German Airport Association

Munich Airport s CEO to remain at the helm of the German Airport Association
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Munich Airport reports 2018 net profit of 150 million euros

Munich Airport reported a successful 2018 operating year at its annual press conference in Munich today: The 3.8 percent increase in traffic to a total of 46.3 million passengers flying to and from Munich, and the resulting gains in aviation and non-aviation revenues had a decisive impact on the increase in Group sales, which – based on preliminary figures – topped the 1.5 billion euro mark for the first time. EBITDA also surged to a new all-time high of 535 million euros. The airport operating company – the FMG Group – closed out the past year with earnings after taxes (EAT) of 150 million euros. Cash flow from operations improved by 80 million euros to 465 million euros. With equity of over 2.2 billion euros, the equity ratio, at 41.3 percent, exceeded 40 percent for the first time.

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