The corporation was established as "Flughafen München-Riem Gesellschaft mbH" on the 12 October 1949 by the Free State of Bavaria and the Bavarian capital Munich.
The relocation of Munich Airport Riem to the new location between Erding and Freising was carried out on 17 May 1992.
The expansion of the airport, Terminal 2, financed by Lufthansa (40%) and FMG (60%) together, was opened on 27 June 2003.
The company contributed significantly to the development of the Munich airport in order to make it one of the most important air transport hubs in Europe, however the 2005 planned expansion for a third runway remains highly controversial with the resident population.
[3] In September 2014, the supervisory board stopped plans from directors Kerkloh and Weyer to participate in foreign airport operations.