16 April – LAWFUEL – The Law News Network – Allen & Overy advised Infratil Limited on the purchase of a 90-percent majority shareholding of the Flughafen Lübeck GmbH, a German company operating the airport in Lübeck-Blankensee. Infratil, a New Zealand listed company, specialises in investments in the areas of infrastructure and supply in New Zealand, Australia and Europe.
The geographic position of the Lübeck-Blankensee airport and its proximity to the city of Hamburg were crucial factors for the purchase of the shareholding.
The London office of Allen & Overy advised Infratil on the contract negotiations with Irish airline Ryanair. The contract regulates the details for the utilisation of the Lübeck-Blankensee airport by the Irish airline.
The Allen & Overy team was led by Hamburg-based Partner Dr. Helge Schäfer, assisted by associates Dr. Tibor S. Pataki (Corporate) and Dr. Marcus Hödl (Public and Air Traffic Law). Associate Dr. Axel Schilder provided tax-advice. Associates Dr. Tobias Pusch and Cornelia Drenckhahn advised on employment Law. London based partner Chris Watson and associate Maureen O’Neill conducted the contractual negotiations with Ryanair.
Directly or indirectly, Infratil has a stake in Glasgow Prestwick International (100%) and Wellington International (66%) airports. Infratil also holds shares of supply companies, especially in the area of renewable energies.