The insolvency administrator of Frankfurt-Hahn Airport has concluded a notarized purchase contract with another interested party. The buyer was not named, but it is very likely that it is the owner of the Nürburgring.

A few months ago, Frankfurt-based Swift Conjoy GmbH was awarded the contract. Despite repeated deadline extensions, the purchase contract has not yet been paid for. Jan Markus Plathner, who acts as the insolvency administrator of the Flughafen Frankfurt-Hahn Group, has prepared his own statements according to the "Plan B". For this purpose, a further purchase contract was concluded and notarized. This is subject to unspecified conditions, so that only one agreement can then be implemented.

On Tuesday, February 7, 2023, so-called special creditors' meetings will take place at the summons of the competent insolvency court. These affect some companies in the group of companies. In terms of content, the further procedure is to be discussed and decided. It is expected that the bid awarded to Swift Conjoy GmbH will be withdrawn and the possible purchase agreement with the Nürburgring owners could be confirmed instead.

“We have continued to negotiate intensively in the past few weeks and had a purchase agreement notarized. In addition, we negotiated a second purchase contract with another investor and also had it notarized in case the conditions set out in the first contract were not met. The next steps will be decided at the special creditors' meeting. Further developments in the process are open,” said the insolvency administrator.

In a media statement, the lawyer emphasizes that since the beginning of the receivership, numerous measures have been taken in order to be able to continue flight operations. The airport has also been made more attractive for airlines. Flight operations will continue to be fully continued as part of the insolvency proceedings. The 2023 summer timetable will include other new European destinations that will be served non-stop from Frankfurt-Hahn.