Frankfurt-Hahn files for bankruptcy with Senator taking steps to secure operations
25 / 10 / 2021
Flights are continuing at Germany’s Frankfurt-Hahn airport despite the facility filing for bankruptcy, but forwarder Senator International has moved some of its operation away as a precaution.
Air Cargo News sister title FlightGlobal reports that Jan Markus Plathner from Frankfurt-based Brinkmann & Partner has been appointed as administrator.
Financing is being sought to secure salaries while a re-organisation is also being planned.
The airport’s operating company is 82.5% owned by troubled Chinese conglomerate HNA Group, with the remainder owned by the state of Hesse.
Ryanair was one of the airport’s largest customers but the low-cost carrier has reduced its services to the airport. Several freighter operations are based at the airport.
Freight forwarder Senator International, which uses the airport for its SAB air cargo charter operation, has moved some flights to Frankfurt-Main airport.
The forwarder said: “The current SAB flight schedule with self-controlled flights continues to run stably and safely.
“Due to the unclear outlook at Frankfurt-Hahn, 65% of flights have already been transferred to Frankfurt-Main Airport (FRA) as a precautionary measure.
“Operations at Frankfurt-Hahn are currently continuing. In addition to the detour to FRA, Senator has developed an emergency plan.
“This will be implemented in the short term if further measures become necessary. Flight operations and flight schedule remain fully stable and safe.”
