Insolvency administrator sells Frankfurt-Hahn Airport to TRIWO AG Avianca Cargo inaugurates cargo operations between Quito and Los Angeles

IN response to the growth of the air cargo sector and its commitment to the development of the Ecuadorian market, Avianca Cargo announced the expansion of its capacity with the inauguration of its new cargo destination: Los Angeles.

from Ecuador and Colombia in the recent season of Valentine’s Day.

THE insolvency administrator of the companies in the Frankfurt-Hahn Airport Group, Dr Jan Markus Plathner, is selling Frankfurt Hahn Airport to TRIWO AG from Trier.

“We have implemented a whole bundle of reorganisation measures that have made Hahn Airport more attractive again for airlines and passengers and have made it possible to ultimately continue business operations without losses within the framework of the insolvency proceedings, thus laying the foundation for a sale. I am pleased that together we have managed the turnaround after a sometimes rocky road, and I would like to personally thank all employees, the works council and their advisors for their professional and strong commitment during this challenging time,” the restructuring expert said.

“The bidding process is concluded successfully with the fulfilment of all conditions for completion and the sale to TRIWO AG. The four creditors’ meetings and the creditors’ committee of the main company each voted unanimously for the bid with the highest purchase price. Flight operations will continue under the insolvency proceedings until the contractual conditions are met, and will then be taken over by the acquiring company. This is expected to take place within a few weeks,” Plathner said.

“We consider the future prospects of Frankfurt-Hahn Airport to be good. That is why we want to make targeted investments in the airport infrastructure, achieve further growth in passenger and freight traffic and implement sustainable real estate development. The business location Rhineland-Palatinate as a whole will also benefit from this,” Peter Adrian, CEO of TRIWO AG, added.

With two frequencies a week between Quito and Los Angeles, Avianca Cargo will strengthen its presence in the region and provide greater connectivity between the two cities, operating the Quito – Bogotá – Los Angeles route, in order to increase the number of tonnes transported to North America which currently represent 80% of the weekly tonnes exported by the company from Ecuador. In the same way, it will allow it to diversify the ports of entry of flowers to North America, adding this destination to Miami as an already existing point and through which it sent nearly 18,000 tonnes in around 300 flights operated

“At Avianca Cargo we continue to connect the South American markets with the world. Now with a second point of entry to the USA and connections via Los Angeles. With this cargo inauguration, in addition to delivering a more robust service proposal to our customers, we will continue promoting the competitiveness of the flower industry, since 75% of the cargo we export from Ecuador, under the highest quality standards and on the required times, corresponds to flowers grown by Ecuadorian hands,” said Juan Cruz Correa, Vice President of Sales for Avianca Cargo.

With the CEIV Fresh certification granted by the International Air Transport Association (IATA), Avianca Cargo guarantees the rigorous handling of shipments sensitive to time and temperature.