Photo: Frankfurt-Hahn Airport

Frankfurt-Hahn Airport,the fifth-largest cargo airport in Germany, is currently under negotiation to be sold to two Chinese consortia, according to the German Press Agency. If the bid is successful, this will mark the third airport the Chinese have acquired in the country.

Located 110 kilometers to the southwest of Frankfurt, the Frankfurt-Hahn Airport mainly operates cargo transportation and budget airlines. The airport saw a loss of nearly 16 million euros (over 17 million USD) in 2015, due to the fact that Air China Cargo, a subsidiary of Air China, and Yangtze River Express, a subsidiary of China’s Hainan Airlines, withdrew their businesses to Frankfurt and Munich airports.

According to the German Press Agency, one of the two Chinese buyers is a consortium invested by Henan provincial government, and another potential bidder points to German DHL Express and China’s online retailer giant JD.com.