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.
BPE Air, the aviation company founded and wholly owned by entrepreneur Aldrew Crowe, reported approximately US$90 million in revenue in 2025, marking a major milestone in the growth of its integrated...
Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...
TARMAC Aerosave has set a new industry benchmark by becoming the first company in the world to secure Aircraft Fleet Recycling Association (AFRA) accreditation across all three scopes of aircraft disa...
Viasat has significantly expanded the capacity of its JetXP in-flight connectivity service across the United States, delivering up to five times more bandwidth for business aviation customers equipped...
