Smooth Sailing for Leipzig/Halle and Dresden Airports till 2026
Good news for Mitteldeutsche Airport AG (MFAG) as the company promises financial stability until 2026! After successful negotiations with DHL Group, supportive shareholders, and a renegotiated credit agreement with financing banks, MFAG has achieved a key objective stated in KPMG's restructuring report. unfortunately, the specific amount of funds at MFAG's disposal remains undisclosed.
KPMG's approval confirms MFAG's unhindered restructuring capacity, ensuring a smooth conclusion to the process. They also recognize MFAG's sustainable competitive edge and a positive outlook for ongoing business continuation. From 2026, MFAG aims to implement growth strategies, primarily by developing areas surrounding Dresden and Leipzig/Halle airports.
The importance of these airports for Saxony and Central Germany's economic growth is underlined by Saxony's Prime Minister, Michael Kretschmer (CDU). The state government is committed to supporting these critical traffic centers' ongoing viability. MFAG's CEO, Goetz Ahmelmann, celebrates the contract adjustment as the foundation for a stable and sustainable future for the airports.
Initially, banks were reluctant to grant loans due to unmet restructuring objectives but were eventually persuaded by MFAG's financial contributions from its two major shareholders – the Free State of Saxony (77.29%) and Saxony-Anhalt (18.54%).
With the successful restructuring negotiations, Mitteldeutsche Airport AG (MFAG) can now operate traffic smoothly until 2026. The critical role of Dresden and Leipzig/Halle airports in driving economic growth in Saxony and Central Germany necessitates the securing of their financial stability.
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Behind the Scenes:
- Leipzig/Halle Airport: A significant cargo hub, especially for DHL Aviation, which expanded its facilities in 2016 and 2018. The airport handled 1,238,343 metric tonnes of cargo in 2019 and is set to host Deutsche Aircraft's Final Assembly Line for the D328eco aircraft from Q4 2025.
- Dresden Airport: Although details are scarce, it forms part of MFAG and stands to benefit from regional economic initiatives.
- Role of Saxony and Saxony-Anhalt: The states play a crucial part in securing the financial stability of their airports, through regional development, modernizing transportation networks, and promoting sustainable industries. These efforts are vital for contributing to the region's overall economic development.
