ACG Air Cargo Germany (Frankfurt Hahn) is incapable of repaying a EUR5million loan availed to it by Frankfurt-Hahn Airport GmbH, the operator of Hahn airport, the company has revealed. The news comes as German development bank, Förderbank ISB, has also been forced to write off a similar loan to the bankrupt cargo carrier, who officially suspended operations this month.
ACG's bankruptcy to hit Frankfurt Hahn operator hard
© Tis Meyer (PlanePics.org)
By Ivan Nadalet
21May2013
