Fraport withdraws from Frankfurt-Hahn Airport
Frankfurt-Hahn Airport is to have a new majority shareholder. With retroactive effect to January 1, 2009, the State of Rhineland-Palatinate is taking over all of Fraport AG’s shares in Flughafen Frankfurt Hahn GmbH (FFHG). With 65 percent, Fraport was the majority shareholder in the Hunsrück airport until the end of last year; the states of Rhineland-Palatinate and Hesse each held 17.5 percent of the shares. Both sides agreed on a symbolic purchase price of EUR 1. This transaction ends all existing financial obligations of Fraport AG, in particular the obligation of offsetting losses and obligations arising from existing loan agreements of the Frankfurt-Hahn company. Dr. Stefan Schulte, vice CEO of Fraport AG and Chairman of the FFHG Supervisory Board, emphasized: „As a stock-listed group, we cannot afford loss-making operations permanently. Another decisive reason for our withdrawal was that we would stop immediately having to bear any further losses; in view of our contract commitments until the year 2024, these would have been a great burden for us.“ The State of Rhineland-Palatinate will be responsible for managing the airport in the Hunsrück region in the future. However, both partners will continue to rely on the cooperation between the Frankfurt am Main and Frankfurt-Hahn airports will remain unchanged. The Frankfurt-Hahn Airport handled more than 3.9 million passengers and 179,375 tons of air freight last year. Including the Road Feeder Services the air cargo segment showed a total result of 338,400 tons. Quelle: Österreichische Verkehrszeitung |