KEY POINTS:
Infrastructure investment company Infratil may decide to exercise an option to relinquish its 90 per cent stake in an under-performing German airport.
Infratil has an agreement that would enable it to sell its shareholding in Luebeck Airport back to the City of Luebeck, if passenger numbers fell below certain levels.
The shareholders' agreement, signed in 2005 when Infratil bought its majority stake from the city, gave Infratil a "put" option under which it can require the city to reacquire Infratil's shareholding if less than 1.2 million passengers used Luebeck Airport during 2008.
Last year the airport in northern Germany catered for 540,000 passengers.
Infratil said today that it had made no decision on whether to exercise the option.
- NZPA
