Chinese investor to buy majority stake in Frankfurt-Hahn

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Frankfurt-Hahn Airport

Chinese investor Shanghai Yiqian Trading Company says it is to buy a majority stake in Germany’s Frankfurt-Hahn Airport.

The Chinese company has agreed to pay a low double-digit million-euro amount for the 82.5 per cent stake in the gateway sold by the German state of Rhineland-Palatinate, a statement by the state’s interior ministry explains.

Frankfurt-Hahn handled just below 80,000 tonnes in 2015, a 39.9 per cent fall on 2014, but has in previous years handled more than double that tonnage.

There was speculation earlier this year that Amazon was considering investing, while on Friday, the  Henan Civil Aviation Development and Investment Co (HNCA) denied it had invested in the gateway.