Germany: Chinese firm buys Frankfurt-Hahn Airport

Local government officials in Germany say they’re selling the lossmaking regional Frankfurt-Hahn Airport outside Frankfurt to a Chinese logistics and construction company. DPA reports that the finance ministry in Mainz, capital of the Rhineland-Palatinate region, said Monday it was selling its 82.5% stake to Shanghai Yiqian Trading Company for a sum described as in the low two-digit millions of euro. The neighboring Hesse region is completing negotiations for the sale of the remaining stake to the same buyer. The airport’s main user has been low-cost airline Ryanair. Dpa says that the new owners plan to expand freight activity, which has fallen off, as well as passenger traffic. <br/>