While CHI Aviation Handling will acquire 74.9% of the shares in Cargogate, Munich Airport is to retain the remaining 25.%, thus establishing a future-orientated strategic partnership with proven freight expertise and a large customer network, the new partners said.
The CHI Group already offers freight forwarding and airline handling as well as other related activities at Frankfurt, Nuremberg, Hamburg and Amsterdam airports and is expanding its portfolio to include airline handling at Munich Airport.
The joint venture will continue to operate under its previous name until further notice. The common goal is the sustainable development at Munich Airport and a significant strengthening of the freight business and volume. The jobs of the approximately 150 employees have been contractually secured. The acquisition of the shares in January 2025 is subject to regulatory approval.
“I am pleased that we have been able to win a strong strategic partner in CHI for our freight subsidiary Cargogate in order to jointly advance freight development at Munich Airport,” said Jost Lammers, CEO of Munich Airport.
