FDH sells land and leases it back

Photo: Friedrichshafen Airport.
Photo: Friedrichshafen Airport.

FDH sells land and leases it back

Photo: Friedrichshafen Airport.
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Friedrichshafen Airport signed a sale and rental agreement for properties that currently still belong to the airport. The creditors' meeting has already given the necessary approval.

On July 23, 2021, LZ Horizon GmbH & Co. KG, a newly formed subsidiary of Luftschiffbau Zeppelin GmbH and the Bodenseekreis district, signed the sales and lease agreement for the airport property with Flughafen Friedrichshafen GmbH. With the completion of the property purchase agreement, LZ Horizon will become the owner of all FFG properties. At the same time, Flughafen Friedrichshafen GmbH signed a long-term rental agreement for the airport property. The terms of both agreements are in line with the market and the lease is sustainable for the airport. The airport company remains fully responsible for all maintenance and repairs to properties and buildings. The necessary permits for the participation of the district are expected soon.

With the acceptance of the bankruptcy plan, the airport will be fully discharged. By selling the airport property and letting it back, the airport can make its own contribution to the financing required under state aid law. With the approved grants from the public shareholders, the contributions from the private shareholders, the sale and leasing back of the land, the debt relief through the insolvency proceedings and the relief from air traffic control costs, the airport looks to the future with confidence.

Flight operations have increased significantly in recent weeks with the start of planned flights to holiday destinations in Greece and Turkey. From mid-September Lufthansa plans to start daily flights at the hub to Frankfurt with numerous transfer options to European and intercontinental destinations.

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Editor of this article:

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.

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About the editor

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.

Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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