HNA Group in final talks to buy German airport Hahn
HNA Group is in final talks over the purchase of Hahn airport in western Germany, the airport's state owners said on January 23.
HNA Group has teamed up with local German company ADC, run by former politician Siegfried Englert, for the bidm, according to a Reuters report.
The federal state of Rhineland-Palatinate had previously agreed to sell loss-making Hahn airport, a former military base now used mainly by Ryanair, to a Chinese company but the sale collapsed after the bidder failed to make any payments.
Hahn is around 120 kilometers from Frankfurt, Germany's largest airport, but unlike Frankfurt, has a 24-hour operating license, making it attractive for freight flights.
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