Flughafen Zürich AG (FZAG), based in Kloten, Switzerland, is the owner and operator of Zurich Airport.
The mixed-economy stock company was established in April 2000 and is listed on the SIX Swiss Exchange; the largest individual shareholder is the canton of Zürich, which must hold at least one third of the share capital at all times.
The concession to operate Zürich Airport, issued by the Swiss Federal Department of Environment, Transport, Energy and Communications on 31 May 2001, has a term of 50 years, from 1 June 2001 to 31 May 2051.
An arbitration court was therefore called upon and decided that the State of Venezuela had to pay USD 14.2 million by the end of 2014, half of which is attributable to Flughafen Zürich AG[4] In India, Unique held 17 percent of the equity capital of Bangalore International Airport Ltd. (BIAL) during the construction phase, and was the owner and operator of the newly opened Bangalore airport in 2008; the share holdings were reduced to 5 per cent in 2009, and they are to be sold in 2017.
[5] In March 2017, Flughafen Zürich AG announced it had acquired 100% of Brazil's Florianópolis Airport, and will operate it under a concession until 2047.
The company also has stakes in the operation of airports in Belo Horizonte, Bogotá, Curaçao, Antofagasta, Iquique, and Bangalore.
The eight-member board of directors also comprises three representatives of the cantonal and one of the municipal governments of Zürich; this principle has been criticized by the business community, and has meanwhile changed.
[5] The Articles of Incorporation contain an opting-up clause, which provides for an offer obligation for minority shareholders to exceed the limit of 49%, in the event of a change of control.