The insolvent Frankfurt-Hahn Airport is taken over by Swift Conjoy GmbH based in Frankfurt am Main. The insolvency administrator announced on Wednesday that the transaction process had been successfully completed.

The buyer takes over the business operations and assets of the Frankfurt Hahn Group. The employees are also taken over. According to the insolvency administrator Jan Markus Plathner, the execution of the contract is still subject to conditions. The contracting parties assume that these will be fulfilled promptly. It was agreed not to disclose the details of the contract.

“We are very pleased that the bidding process was successfully completed. Flight operations will continue until the contractual conditions are met as part of the insolvency proceedings and then by the acquirer. Due to the very good demand and the successful implementation of various measures, the operation is again economically stable in passenger traffic and air freight," says Plathner.

Tobias Steyer and Martin Mansell, Managing Directors of Swift Conjoy GmbH, say: “We are very pleased to have been awarded the contract in the bidding process and to continue and extensively expand passenger and cargo flight operations at Hahn. This also includes investments and the creation of new jobs in the region.”