Saturday, May 18, 2024
Chinese investor to buy majority stake in Frankfurt-Hahn

Chinese investor to buy majority stake in Frankfurt-Hahn

Chinese investor Shanghai Yiqian Trading Company says it is to buy a majority stake in Germany’s Frankfurt-Hahn Airport.

The Chinese company has agreed to pay a low double-digit million-euro amount for the 82.5 per cent stake in the gateway sold by the German state of Rhineland-Palatinate, a statement by the state’s interior ministry explains.

Frankfurt-Hahn handled just below 80,000 tonnes in 2015, a 39.9 per cent fall on 2014, but has in previous years handled more than double that tonnage.

There was speculation earlier this year that Amazon was considering investing, while on Friday, the  Henan Civil Aviation Development and Investment Co (HNCA) denied it had invested in the gateway.

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James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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