Travel

Frankfurt-Hahn Airport in Germany: Transaction process started

Travel is the movement of people between distant geographical locations. Travel can be done by foot, bicycle, automobile, train, boat, bus, airplane, ship or other means, with or without luggage, and can be one way or round trip.[1] Travel can also include relatively short stays between successive movements, as in the case of tourism.
The origin of the word “travel” is most likely lost to history. The term “travel” may originate from the Old French word travail, which means ‘work’.[2] According to the Merriam Webster dictionary, the first known use of the word travel was in the 14th century. It also states that the word comes from Middle English travailen, travelen (which means to torment, labor, strive, journey) and earlier from Old French travailler (which means to work strenuously, toil).

In English, people still occasionally use the words travail, which means struggle. According to Simon Winchester in his book The Best Travelers’ Tales (2004), the words travel and travail both share an even more ancient root: a Roman instrument of torture called the tripalium (in Latin it means “three stakes”, as in to impale). This link may reflect the extreme difficulty of travel in ancient times. Travel in modern times may or may not be much easier depending upon the destination. Travel to Mount Everest, the Amazon rainforest, extreme tourism, and adventure travel are more difficult forms of travel. Travel can also be more difficult depending on the method of travel, such as by bus, cruise ship, or even by bullock cart.[3]

HAHN, Germany, Nov. 24, 2021 /PRNewswire/ — The provisional insolvency administrator of the companies of the Frankfurt-Hahn Airport Group, Dr Jan Markus Plathner, has commissioned the renowned Düsseldorf-based M&A consultancy Falkensteg to look for one or more investors for the German Frankfurt-Hahn Airport Group or its assets including the property. Investors have the option of acquiring all assets, units to be defined or single assets. Among other things, Frankfurt-Hahn Airport (ICAO code: EDFH) in Rhineland-Palatinate is comprised of various operating properties and expansion areas, a 3,800-metre runway, as well as a 24-hour operating permit which enables flight operations around the clock, 365 days a year.

Several airlines offer numerous connections in passenger traffic, worldwide cargo connections are also in existence. At the airport, hangars with a separate truck access road are available for air cargo handling. Since 2017, the demand for air cargo has been steadily increasing at Frankfurt-Hahn Airport. A total of around 233,000 tonnes were handled in 2020, making Frankfurt-Hahn the number 4 in German air cargo, after the airports of Frankfurt am Main, Leipzig/Halle and Cologne/Bonn, and well ahead of the air traffic hub Munich. Frankfurt-Hahn is located in the middle of one of the most important economic areas in Europe: the so-called “Blue Banana”, which stretches across western Europe from Marseille to London via Switzerland, western Germany and the Benelux countries.

Falkensteg will conduct a broad market approach addressing national and international investors in a public tender procedure. Interested parties will be informed about Frankfurt-Hahn Airport by means of a special data room.

Expressions of interest in participating in the sale process should be submitted in writing to Falkensteg by 10 a.m. GMT on 20 December 2021 at the latest solely:

Falkensteg Corporate Finance GmbH
attn: Jonas Eckhardt (partner)
Knöbelstrasse 2
D-80538 Munich
Phone: +49 89 614 24 26 1
Fax: + 49 89 614 24 26 99
E-mail: hahnairport@falkensteg.com

Further information is available at:
German: https://falkensteg.com/airport-frankfurt-hahn/
English: https://falkensteg.com/en/airport-frankfurt-hahn/

Frankfurt-Hahn Airport, 24 November 2021

Press contact (preliminary insolvency administrator Dr Plathner):
Cord Schellenberg
Spokesperson
Phone +49 40 59350500
presse@schellenberg-kirchberg-pr.de

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