The new logistics centre will support Munich Airport's decarbonisation efforts, as well as offer sufficient capacity for airport subsidiaries and companies outside of the FMG Group.
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Flughafen München GmbH (FMG)
Jost Lammers assumes his new duties from Dr. Michael Kerkloh, who has been Munich Airport's long-standing President and CEO.
The agreement between Munich and Newark is a major milestone in the development of a world-class terminal and is thought to be worth near $2.7 billion.
More than 38,000 people are employed at Munich Airport, Bavaria's air transportation hub, and this figure shows no sign of slowing down any time soon.
At its annual press conference, Munich Airport reported increased net profits of €150 million in 2018, up on the figures from 2017.
Dr. Michael Kerkloh, who has served as the President and CEO of Flughafen München GmbH (FMG) for over 17 years and has been on the International Airport Review Advisory board since 2011, will retire at the end of 2019.