Frankfurt-Hahn Airport sale further “delayed”
16 / 11 / 2022
The sale of Frankfurt-Hahn Airport Group has been “delayed” but operations are unaffected.
Currently in administration, the Group is due to be sold to Swift Conjoy, a joint venture between real estate firm Swift Holding and aviation specialist Conjoy Investment Partners.
According to a new statement on the sale, this is not the first time the sale has been delayed.
Commenting on the sale on November 16, administrator Jan Markus Plathner from Frankfurt-based Brinkmann & Partner, said: “Unfortunately, the completion of the purchase contract has been delayed once again.
“I continue to be in contact with the buyer in order to realise the closing. At the same time, however, I am examining further measures to quickly create clarity for Frankfurt-Hahn Airport.
“Airport operations will continue in full.”
Last October, the German Group filed for bankruptcy and Plathner was appointed as insolvency administrator.
The following month, merger and acquisition consultancy Falkensteg was appointed to find “one or more investors” to keep the business running.
The airport was 82.5% owned by China’s HNA Group, owner of Hainan Airlines, which itself was declared bankrupt in January 2021. The local Rhineland-Palatinate government owned the remaining 17.5%.
Although freight has performed strongly during the Covid pandemic, the airport has suffered from the collapse in passenger traffic and the company was declared insolvent in October 2021.
According to the cargo section of the Group’s website, airlines that have had a presence at the airport include ACT Airlines, Air Atlanta Icelandic, Atlas Air, AirBridgeCargo (not active), CargoLogicAir (not active), Etihad Cargo, MNG, myCARGO, Nippon Cargo Airlines, RAF Avia, Silk Way Airlines and Suparna Airlines.
Frankfurt-Hahn files for bankruptcy with Senator taking steps to secure operations
