Mitteldeutsche Flughafen AG (MFAG), operator of Leipzig/Halle and Dresden airports, is facing significant financial difficulties. According to a KPMG report, the company urgently needs a financial injection of 145 million euros to secure its future. This alarming situation was confirmed by a spokesperson and underlines the urgency of a restructuring and transformation concept that is now to be implemented.

MFAG itself emphasizes that it is not currently in insolvency proceedings, although media reports previously suggested otherwise. An internal paper from the Saxon Ministry of Finance shows that state support is essential to avert the impending insolvency. The restructuring efforts to date have not achieved the hoped-for results, which has led to banks hesitating to pay out further loans or to terminate existing credit lines prematurely.

The main shareholders, the Free State of Saxony and the State of Saxony-Anhalt, are now responsible for supporting MFAG with a capital injection of at least 100 million euros. This measure is intended to ensure that the banks can continue their support and provide necessary financing. The Free State of Saxony owns a 77,29% stake in MFAG, while Saxony-Anhalt holds 18,54%.

The Ministry of Finance of Saxony-Anhalt confirmed that a comprehensive financing package is currently being organized in cooperation with the banks and public shareholders. This package includes not only the provision of fresh capital, but also the increase of existing bank loans and the implementation of a restructuring and rehabilitation program for MFAG.

Despite the financial challenges, the MFAG spokesman emphasizes that the company remains competitive within its market segment. In particular, the growth potential in the areas of logistics and land development as well as the moderate growth in passenger numbers in tourism traffic offer long-term prospects for the successful restructuring and further development of the airports.