In order to strengthen air freight at Munich Airport, CHI Aviation Handling GmbH, as part of the CHI Cargo Group, will acquire 74.9% of the shares in Cargogate Munich Airport GmbH (Cargogate).

Cargogate provides which provides cargo services at Munich Airport as a wholly-owned subsidiary of gateway.

As a regulated agent, Cargogate carries out all tasks that arise from the warehouse, which covers an area of approximately 17,000 square meters. These include the acceptance, sorting, assembly and handover of the cargo, as well as customs and dangerous goods formalities.

Munich Airport noted that Cargogate has the infrastructure to clear all types of special goods in a suitable form.

With the acquisition, Munich Airport said it would retain the remaining 25.1% of the shares, thus establishing a future-oriented strategic partnership with proven freight expertise and a large customer network.

The CHI Group already offers freight forwarding and airline handling as well as other related activities at the airports Frankfurt, Nuremberg, Hamburg and Amsterdam for internationally operating companies 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 airport added.

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.

"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," commented Kai Domscheit, managing director of CHI Aviation.