Puren Germany GmbH, the Chinese firm which acquired ownership of Flughafen Lübeck GmbH in July last year, has filed for insolvency. The airport said in a statement that despite the filing, it is continuing to provide Wizz Air (W6, Budapest) and its passengers with full operations.
Owned by Chinese investment firm PuRen Group, Puren Germany had planned to develop Lübeck into a hub using start-up carrier PuRen Airlines (Lübeck) as a catalyst. However, the recent turmoil in China's markets coupled with the country's slowdown has severely affected its cashflow resulting in the cancellation of the project.
This is the second time in the space of sixteen months that the airport has been forced into insolvency as previous owner Egyptian businessman, Mohamad Rady Amar, through his logistics and project management firm 3Y Logistic und Projektbetreuung GmbH, did so in April last year.
Dutch flag carrier KLM, part of the Air France-KLM Group, has welcomed its first Airbus A350-900, marking a significant step in the airline’s long-haul fleet modernization strategy. The arrival...
Azerbaijan Airlines (AZAL), part of AZCON Holding, has taken delivery of another Airbus A321neo, increasing its fleet to 31 aircraft as the carrier continues its long-term modernisation strategy. The...
TRU Simulation + Training Inc. will showcase its Veris Virtual Reality Flight Training Device (FTD) for the Cessna Skyhawk at NBAA-BACE 2026, marking the simulator's first appearance at the indust...
A new travel industry coalition is urging EU policymakers to adopt a balanced and proportionate approach to biometric travel, ensuring passengers can benefit from secure and seamless journeys while ma...
