Fraport, owner and operator of Frankfurt Airport, has been active abroad for a number of years. Joint ventures now account for a more than a fifth of its profits. Fraport is the only publicly-traded German airport operator. In the fiscal year 2006, its revenue totalled 2.1 billion euros, but in Gemany, where it operates only Frankfurt and Hahn airports, it has little room for growth. That has made joint ventures in foreign airports more desirable. After an unsuccessful start in Manila - in 2001, Fraport had to write off its investment after a legal battle - the company has successfully taken over full or partial operation of several airports. Peru is one example: the joint venture at Lima International has gone very well, as Made in Germany reporter Michael Altenhenne reports. The South American country is experiencing rapid growth. Most recently, its economy was up by about eight percent. In future, Fraport intends to increase its holdings in India and other Asian countries, because of the strong growth potential there as well.