CHI Aviation gains a foothold in Munich with Cargogate investment
25 / 09 / 2024
Munich Airport. Copyright: Munich Airport
Cargo handler CHI Aviation Handling has purchased a 74.9% stake in Munich Airport-based Cargogate.
The investment gives CHI Aviation, which is part of the CHI Group, a presence at Munich Airport for the first time.
Munich Airport will retain the remaining 25.1% of shares in the company.
Cargogate offers a variety of services from its 17,000 sq m of warehousing, including acceptance, sorting, assembly and handover of the cargo as well as customs and dangerous goods formalities.
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 airport said in a press release.
“The jobs of the approximately 150 employees have been contractually secured.”
The acquisition of the shares in January 2025 is subject to regulatory approval.
The CHI Group offers freight forwarding and airline handling as well as other related activities at the airports Frankfurt, Nuremberg, Hamburg and Amsterdam.
“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, chief executive of Munich Airport.
“With the joint venture with Munich Airport, one of Europe’s leading airports, we are strengthening the location and the German air freight market as a whole with our proven scalable processes in the area of cargo handling,” added Kai Domscheit, managing director of CHI Aviation.
