CHANGES IN THE CONSOLIDATED GROUP

In November 2019, in a public tender conducted by the Indian government, Flughafen Zürich AG was awarded the concession for the construction and operation of the new Noida International Airport. In early 2020, the wholly-owned subsidiary Yamuna International Airport Private Limited based in New Delhi (India) was established for this purpose (see note 24.7, Concessions for the operation of foreign airports).

As a precautionary measure in connection with the coronavirus crisis, Flughafen Zürich AG established the wholly-owned subsidiary Airport Ground Services AG based in Kloten, which in an emergency could take over services related to airport operations. The company was inactive at the reporting date.