Struggling Frankfurt Hahn Airport Bought Out By Chinese Construction Company

Posted by Christopher Ledsham
On 13th June 2016
airport, aviation, germany, investment, One Belt One Road

The state of Rhineland-Palatinate announced on Monday 6th June that it would be selling its 82.5% stake in Frankfurt’s secondary airport, Frankfurt Hahn, to Chinese construction firm Shanghai Yigian Trading Company (SYT) for a sum believed to be in the “low double-digit million euro range”, while the state of Hesse is also expected to sell […]

Japanese airport corporations to compete for Chinese tax-free shoppers with downtown stores

Posted by Daniel Meesak
On 2nd November 2015
airport, chinese, cosmetics, duty free, japan, outbound, shopping, tax free, tourism, tourists

Japanese airports are facing increased competition from downtown tax-free shops for tourist shopping, as the Japanese government target of 10,000 tax-free shops by 2020 has already been reached and with the number of shopping-oriented tourists from China rapidly increasing in their arrivals to Japan. Japan changed its regulation in regards to tax-free shopping on October […]