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Economy

Chinese bidders circling German airports

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A direction sign to Frankfurt Hahn airport   © Reuters

HAMBURG, Germany -- Chinese aviation investors are circling Frankfurt's Hahn Airport as an auction nears completion in the latest of a wave of airport sales by German state governments seeking to stem operating losses.

German media reports suggest that at least three Chinese investors are preparing bids for Hahn, a loss-making third-tier airport, the Rhineland-Palatinate state government agreed to sell for an undisclosed sum to China's Shanghai Yiqian Trading in July.

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