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Division Calculation of the cash-flow for the southern runway

United Kingdom

Original text. Later amendments are not shown.

Germany submitted 3 different scenarios for the development of the 2006-2042 cash-flows of Leipzig Airport:

— Airport — Status quo

  • The southern runway is not built. The airport operations continue on the existing northern runway.

    • — Airport — Expansion with DHL

  • The southern runway is built and DHL begins operating its European hub in 2008.

    • — Airport — Expansion without DHL

  • The southern runway is built but DHL does not move to Leipzig and another operator will be attracted to the airport after 2010.

    • Based on the differences in cash-flows, the expected profitability of the southern runway is calculated thus:

    — Southern runway with DHL

  • This column shows the cash-flow difference between the expansion with DHL and the status quo.

    • — Southern runway without DHL

  • This column shows the cash-flow difference between the expansion without DHL and the status quo.

    • Notes on Annex

    Footnotes

    f1

    All values discounted to 2005.

    f2

    Earnings before interest, taxes, depreciation and amortisation.

    f3

    Calculated by Germany.