Potential buyers for bankrupt airport in sight
Frankfurt-Hahn Airport had to file for bankruptcy in mid-October, and the search for investors only started last week. Now numerous potential buyers have already been found, as it is said.
Numerous potential investors have expressed their interest in buying the insolvent Frankfurt-Hahn Airport within a few days. The provisional insolvency administrator Jan Markus Plathner announced on Friday.
Just last week he hired a consulting company to find new buyers for the bankrupt airport. The aim is to “sell the Frankfurt-Hahn Group’s assets and real estate to one or more investors,” it said.
Potential international buyers should also be addressed. This happens “within the framework of an open, transparent and unconditional bidding process”. The airport is currently also for sale on the “Deutsche Unternehmerbörse” (DUB) on the Internet – an Ebay for companies, so to speak. You can find the relevant advertisement here.
Bankruptcy trustee is forward-looking
Hahn Airport had to file for bankruptcy in mid-October, although a few weeks earlier it was said that the airport was on a good course. The former US military airport Frankfurt-Hahn is 82.5 percent owned by the large Chinese company HNA and 17.5 percent by the state of Hesse. HNA slipped into bankruptcy in early 2021.
The main metropolis in the name is just a marketing ploy. The airport is around an hour and a half by car from Frankfurt am Main.
At the beginning of November, Plathner saw himself at a press conference, to find a new buyer for the airport. Hahn’s location is very favorable, and the connection is good. In addition, the airport has a 24-hour permit, which enables flight operations around the clock, 365 days a year.
Continuation of business operations?
Despite the ongoing restrictions due to the corona pandemic and the bankruptcy application, the number of traffic in November 2021 increased compared to the previous year. That is why Plathner is looking ahead to the future.
“I am currently assuming that business operations can initially continue in January 2022,” he said, according to the announcement. “We are currently examining the extent to which long-term continuation is possible beyond this.
The approximately 430 employees who work directly at the airport will receive insolvency money from the Federal Employment Agency until the end of the year.