FedEx plans to shift its Central and Eastern European base from Frankfurt to a new site at Cologne airport in 2010, the express freight company said on Monday. The new premises will form part of a 50,000 m[sup]2[/sup] freight and sorting centre, in which the airport plans to invest around EUR 70 mln.

FedEx plans to shift its Central and Eastern European base from Frankfurt to a new site at Cologne airport in 2010, the express freight company said on Monday. The new premises will form part of a 50,000 m2 freight and sorting centre, in which the airport plans to invest around EUR 70 mln.

The new complex, set to open in May 2010, will be FedEx's biggest operation in Germany, providing jobs for 450 people to handle around 60 weekly flights.