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New owners at Bitburg Airport
Economics

New owners at Bitburg Airport

28.08.2013 From our online archive
A group of private entrepreneurs has bought additional shares in Bitburg airport, bringing its total stake in the airfield up to 78 percent.

A group of entrepreneurs has bought additional shares in Bitburg airport, in Germany, bringing its total stake in the airfield up to 78 percent.

A private pilot's association of entrepreneurs from the Eifel region called "Interessengemeinschaft Flugplatz Bitburg" (IFB) purchased the additional 38 percent stake for 21,600 euros.

The buy-out comes after Luxembourg investor Frank Lamparski failed to find an investor and so was forced to abandon his plan to turn the former airbase into an international passenger and air cargo airport.

It is thought that the group will soon submit an offer to the town of Bitburg to purchase its 16 percent stake. The remaining six percent is held by a car dealer and contractor.

Following the opposition faced by Mr Lamparski to his project, it will be interesting to see how the latest project evolves.

Translated from an article by Eric Hamus