Frankfurt-Hahn Airport’s provisional insolvency administrator, Jan Markus Plathner, has commissioned the Düsseldorf-based consulting firm, Falkensteg, which specialises in Mergers & Acquisitions, to look for one or more investors for the Frankfurt-Hahn Airport Group. In addition to the airport, this concerns its assets and real estate. The entire package is to be sold to investors in an open, transparent, and unconditional bidding process.
The procedure became necessary due to the insolvency of the airport that the management filed with the responsible Bad Kreuznach District Court on 19OCT21. The aim of the initiated search for
investors, is to keep the airport operational also after 01JAN22, when government support measures expire, and to secure the existing jobs in the longer term.
Important assets
As insolvency administrator, Plathner explains that interested investors have the possibility to acquire all assets, units to be defined, individual assets or real estate. The most important
assets are the 3,800-meter runway and a 24/7/365 operating licence, which is a rarity in the highly regulated German airport landscape.
Cargo comes first at HHN
Regarding cargo traffic, Hahn's most important mainstay, the airport offers worldwide full-freighter connections. Warehouses with a separate truck access road are available for air cargo
handling.
Since 2017, the demand for air cargo has continuously risen at Frankfurt-Hahn Airport. A total of around 233,000 tonnes were handled in 2020, thus putting Frankfurt Hahn in fourth place in
Germany, after Frankfurt am Main, Leipzig/Halle, and Cologne/Bonn, and well ahead of the air traffic hub, Munich.
Falkenberg points out that Frankfurt-Hahn is located in the middle of one of the most important economic areas in Europe: the area known as the “Blue Banana”. This extends from Marseille via
Switzerland, western Germany, and the Benelux countries to London, and in a broad strip via Hamburg and Copenhagen to Scandinavia.
Bidding period ends on 20DEC21
In addition to scheduled cargo traffic, the airport is regularly used by charter airlines for the transport of outsized and heavy airfreight shipments or e-commerce packages.
There are also a number of scheduled passenger airline flights taking off and landing at Hahn.
Falkensteg has announced that it will now target potential national and international investors in a public tender and, after checking their integrity, provide them with the necessary operational
and financial data.
In a statement, the agency pointed out that expressions of interest to participate in the sales process must be submitted in writing exclusively to Falkensteg by 10 a.m. CET on 20DEC21 at the
latest:
Contact: Jonas Eckhardt, Falkensteg Corporate Finance GmbH - hahnairport@falkensteg.com
Heiner Siegmund
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