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Debrecen sells local airport

Debrecen (E Hungary) Mayor Lajos Kósa said that the local council has decided to lease the city's airport to Xanga Holding for a period of 75 years, while selling the holding a 140-hectare site located next to the airport for HUF 4.4 billion (€17.05 million) and Airport Debrecen Kft for HUF 700 million.

Xanga Holding is a joint venture of US-based Xanga and Hungary's LOFT Line Property Sales and Management.

Xanga Holding Managing Director István Herdon said the company has a five-year development plan, aiming to increase passenger traffic at the Debrecen airport from the current 45,000 to 250,000-300,000 in that period and to build a logistics center, creating up to 8,000-10,000 jobs. (MTI – Econews)