The German regional airport Friedrichshafen aims to be able to exit the insolvency proceedings under self-administration by the end of March 2022. Meanwhile, the EU Commission approved the aid subject to conditions.

There was a green light for a total of 17,5 million euros. Of this, 11,3 million euros are to flow in the form of grants. The remaining amount results from the depreciation of loans granted by the public sector. The EU Commission explained, among other things, that the government support will avert negative consequences for the economy and the population.

However, the airport also has to meet certain requirements. Among other things, you have to sell some plots of land. The funds are mainly raised by the shareholders, most of whom belong to the public sector. Friedrichshafen has been in deficit for many years and already had to practice a haircut a few years ago. Airport boss Claus-Dieter Wehr is now hoping that the bankruptcy proceedings in self-administration can be left at the end of March 2022.