Wizz Air (W6, Budapest) will likely be able to maintain operations to and from Hamburg Luebeck after authorities there were able to secure a new, as-yet-unnamed, investor. Germany's airliners.de quoted Klaus Pannen, the airport's insolvency administrator, as saying negotiations were "largely complete" with lease agreements expected to be signed this week.
"The prospective buyer wants to buy the movable assets of the insolvent operating company, Yasmina Airport Management GmbH, as well as leased areas that still belong to city of Lübeck," the site said.
Lübeck's city council is due to sit on the proposal on July 10.
The investor also wants to retain all 92 employees in addition to maintaining existing Wizz Air and Ryanair (FR, Dublin International) flights. The Irish LCC has already announced plans to axe Lubeck from its winter 2014/15 season though.
