The 5% shares LH
has in Fraport may give them a seat on the board at the most but not the influence they have as Fraport's single largest customer.
is 65% owned by Fraport, the balance is with the states of Hesse and Rhineland-Palatine. The corporation is a limited company, (GmbH) which basically can sign any contract with anybody and marketing payments do not necessarily mean that these are state subsidies, unless they flow direct from public funds. HHN
still loses money, for which the shareholders sign, but the losses are usually activated on the balance sheet or absorbed by fresh capital.
Could be that the two states imvolved grant marketing payments to HHN
so they can "afford" FR
as a customer.
Would really be interesting to see how LH
justifies their claim, they do similar deals all over the world - PDX
The better fly thing was that Ryanair sued LH
over their advertisement for 99€ European fares which ended up at 109€ including the ticket service charge (internet only)