Baku 24° C
German airport of Frankfurt-Hahn goes bankrupt
Other countries
- 20 October, 2021
- 05:22
Frankfurt-Hahn Airport, located 120 kilometers (75 miles) northwest of Frankfurt in the Hunsrück region of the western German state of Rhineland-Palatinate, filed for bankruptcy, Report informs, citing DW.
The former military airstrip turned commercial airport maintains a busy freight business, but it has been losing passengers since before the outbreak of the coronavirus pandemic.
The airport's biggest investor, the Chinese HNA Group, purchased 82.5% of the business from the state of Rhineland-Palatinate for €15 million ($17.5 million) in 2017. The remaining 17.5% belongs to the neighboring western German state of Hesse.
Author
Latest News
09:22
Photo
Video
Azerbaijan's statement delivered at 60th session of UN Human Rights Council
Foreign policy09:12
Photo
Another group of former internally displaced persons departs for Khojavand and Khojaly districts
Domestic policy09:09
Pashinyan: OSCE Minsk Group has never done anything useful
Region09:00
Photo
Hikmat Hajiyev holds extensive discussions on peace agenda issues in US
Foreign policy20:51
Photo
Mikayil Jabbarov holds cooperation talks with senior official of US State Department
Economy20:38
Cuba's electrical grid collapses in nationwide blackout
Other countries20:15
Warsaw says Russian drone intrusion 'not an accidental event'
Other countries20:02
MALBI-trans aims increasing volume of European cargo on Middle Corridor - EXCLUSIVE
Business19:52