New buyer found for Frankfurt-Hahn Airport

Frankfurt Hahn Airport has found a new buyer in the shape of German real estate firm Triwo. The purchase price, which has not been disclosed, has already been transferred to an escrow account. The conclusion and execution of the agreement are subject to conditions but both parties assume that these will be “fulfilled promptly”. All of the airport’s 400 employees will be transferred to the airport’s new owners. The airport is mainly used for cargo operations and low-cost carriers such as Ryanair. Peter Adrian, CE of Triwo, said: “We consider the future prospects of Frankfurt-Hahn Airport to be good. That is why we want to make targeted investments in the airport infrastructure, achieve further growth in passenger and freight traffic and implement sustainable real estate development. The business location Rhineland-Palatinate as a whole will also benefit from this.” Insolvency administrator Jan Markus Plathner said: “The bidding process is concluded successfully with the fulfilment of all conditions for completion and the sale to Triowo. The four creditors’ meetings and the creditors’ committee of the main company each voted unanimously for the bid with the highest purchase price. Flight operations will continue under the insolvency proceedings until the contractual conditions are met, and will then be taken over by the acquiring company. This is expected to take place within a few weeks.”<br/>