The acquisition of German regional airport Parchim is fully on schedule and will be exercised on July 1, the country’s authorities have announced. Last month, the deal became doubtful after the new owner, Beijing-based forwarding agent LinkGlobal, faced a refusal by the Chinese Government to allow the transfer of up to US$100 million, which the new owner plans to invest in Parchim over a period of fi ve years. (See also page 34 Airports)

In the meantime, LinkGlobal has indicated that it will channel the necessary funds through foreign sources to fi nance the multi-million dollar transaction. The company, however, did not provide further details. In a recent statement given to Payload Asia, LinkGlobal chairman Jonathan Pang confi rmed that he was willing to fulfi l the contract and therefore will be in Parchim to personally manage the transfer of ownership. – Heiner Siegmund