Frankfurt-Hahn Airport sale further “delayed”

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.

Beleaguered Frankfurt-Hahn Airport finds a buyer

 

Frankfurt-Hahn files for bankruptcy with Senator taking steps to secure operations

Frankfurt-Hahn seeks investors following bankruptcy

Share this story

Related Topics

Latest acquisitions news

Dachser takes majority stake in Dachser & Fercam Italia

Dachser has acquired 80% of the shares in the joint venture Dachser & Fercam Italia, effective March 28. This completes…

Read More

Share this story

Scan Global Logistics plans for further acquisitions

Fast-growing Scan Global Logistics said it is planning to make more acquisitions with a focus on growing in key markets….

Read More

Share this story

ANA again pushes back takeover of freighter airline NCA

All Nippon Airways (ANA) has for a third time delayed its planned takeover of freighter carrier Nippon Cargo Airlines (NCA)…

Read More

Share this story

Rebecca Jeffrey

Rebecca Jeffrey
New to aviation journalism, I joined Air Cargo News in late 2021 as deputy editor. I previously worked for Mercator Media’s six maritime sector magazines as a reporter, heading up news for Port Strategy. Prior to this, I was editor for Recruitment International (now TALiNT International). Contact me on: [email protected]