Friedrichshafen Airport reported bankruptcy in the special form of protective shield proceedings at the Ravensburg District Court. According to the media statement, the court granted the application and appointed lawyer Alexander Hubl as trustee.
In a broadcast, the airport writes that the scrap became necessary despite support from politics and business. Due to the second corona wave and the associated restrictions, there is hardly any air traffic, contrary to what was expected in September 2020. Despite the vaccinations that have started, no significant improvement is expected until well into 2021.
To support the management, lawyer Alexander Reus will be appointed by Anchor as a further managing director. Reus has been involved in the reorganization and restructuring of companies for many years.
“With the results of the Roland Berger report and the resolutions of our shareholders for the further financing of the airport, the basis has now been laid to continue the financial restructuring of the company in a protective shield procedure. The renewed, extensive standstill of air traffic has exacerbated the situation and made the initiation of protective shield proceedings inevitable. I am sure that, together with our shareholders, we will achieve the goal of safely leading the airport out of this crisis. I would like to thank you today for the support of our customers and service providers, the shareholders, the economy of the region and especially the employees on this path that has now been taken. This renovation will only be successful if they work together, ”says Claus-Dieter Wehr, Managing Director of Flughafen Friedrichshafen GmbH.