The Limited Times

Now you can see non-English news...

Bankrupt Hahn Airport has new owners

2022-06-30T07:21:12.438Z


Hahn Airport in the Hunsrück has been struggling with financial problems for years - now the new owners want to reverse the trend. The prosecutor's investigation into a failed deal continues.


Enlarge image

Airplane stairs at Hahn Airport: It was agreed not to disclose the details of the contract

Photo: Fredrik von Erichsen/ dpa

The insolvent Hunsrück Airport Hahn has been sold.

A spokesman for the insolvency administrator announced that an investment company called Swift Conjoy GmbH had acquired him for an undisclosed sum.

The Frankfurt-based company will continue flight operations and take on all employees.

According to earlier information, there are about 430 employees.

According to the spokesman, the execution of the contract, which was notarized on Wednesday, is still subject to conditions.

The contracting parties assumed that these would be fulfilled promptly.

It was agreed not to disclose the details of the contract.

Insolvency administrator Jan Markus Plathner explained that the previous bidding process was successfully completed.

"Flight operations will continue until the contractual conditions are met as part of the insolvency proceedings and then by the acquirer," says the lawyer.

"Due to the very good demand and the successful implementation of various measures, the company is again working economically and stably in passenger traffic and air freight".

The new owners announced that they would “continue and extensively expand passenger and cargo flight operations at Hahn.

This also includes investments and the creation of new jobs in the region.«

According to the spokesman for the insolvency administrator, Conjoy Investment Partners was founded last year by English and Australian entrepreneurs from the aviation, airport and travel sectors.

In a merger with the Frankfurt Swift Holding in the real estate, infrastructure and financing sector, a joint offer for the entire airport site was submitted.

The airport in the middle of the Hunsrück, which is called Frankfurt-Hahn Airport for marketing reasons, filed for bankruptcy in October 2021 during the corona pandemic.

More planes are now taking off from here.

According to the website, the former US military airport with a rare night flight permit in the rather structurally weak Hunsrück is looking for personnel for a number of areas from ground handling services to its own fire brigade to the duty-free shop.

According to the airport association ADV, Hahn freight throughput from January to May 2022 was down on the same period last year.

The number of passengers, on the other hand, skyrocketed after the lifting of corona restrictions, but was still noticeably below the figure for the first five months of 2019 before the pandemic.

A good six months ago, insolvency administrator Plathner had the airport's website revised.

At times there had previously been no flight plan at all, only the advice to look directly at the boards at the airport.

This was then possible again digitally from the sofa at home.

Prosecutor determined

At the end of May, Plathner did not comment on the Hahn employees, who are accused of the long-running investigations by the Koblenz public prosecutor's office.

It is about the suspicion of gang-like infidelity, subsidy fraud and delay in bankruptcy.

According to the public prosecutor's office, proceedings were initiated against "five managers from six companies operating on the Hahn and one business partner".

The authority announced on Wednesday that the investigation was still unclear.

The evidence secured in two raids was extensive.

The Chinese group HNA, which has meanwhile also been badly hit, acquired 82.5 percent of Flughafen Frankfurt-Hahn GmbH from the state of Rhineland-Palatinate in 2017 for around 15 million euros.

Hesse continued to hold 17.5 percent of the previous operating company, which went bankrupt.

In 2016, the state government of Rhineland-Palatinate let itself be ripped off by a suspected fraudulent Chinese company in a first attempt to sell 82.5 percent of Flughafen Frankfurt-Hahn GmbH.

Only at the last moment did the government pull the ripcord and save so much tax money.

mic/dpa-AFX

Source: spiegel

All business articles on 2022-06-30

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.