Charter & Fractional
NetJets Europe buying airport near Frankfurt
NetJets Europe has agreed to acquire Egelsbach Airport near Frankfurt, Germany’s financial center, for an undisclosed sum.

NetJets Europe has agreed to acquire Egelsbach Airport near Frankfurt, Germany’s financial center, for an undisclosed sum. The deal–subject to final approval by the local municipal authorities who own the airport company Hessische Flugplatz GmbH Egelsbach (HFG)–is expected to be completed this month.

The airport, which has a 4,593-foot main runway, is located 16 miles from downtown Frankfurt and will continue to be available to other business aircraft operators. In 2007, the 77,000 movements that it logged made it the busiest business aviation airport in Germany, and the new owner has agreed to honor the existing annual movements limit of 100,000.