On June 1, 2021, the Ravensburg District Court opened insolvency proceedings under self-administration over the assets of Friedrichshafen Airport. During the course of the month, the financial plan developed by the management and the shareholders will be put to a vote in the creditors' committee. Attorney Alexander Hubl is acting as administrator. Friedrichshafen Airport was already in deficit before the corona pandemic, but the crisis finally dragged the airport's finances into the proverbial basement. In February 2021, the management had to apply for protective shield proceedings due to excessive indebtedness. The Ravensburg District Court has now opened insolvency proceedings under self-administration. Nevertheless, people on Lake Constance are looking to the future with hope. "The increase in bookings in other European countries with a higher vaccination rate than in Germany show that air traffic will recover. This will not happen overnight, but after a long period of deprivation, the desire to travel will return. We have managed well in difficult times before and achieved positive operational results. We assume that we will be able to do this again," explains Managing Director Claus-Dieter Wehr. Investments in infrastructure are pending. In autumn 2020, a package of measures was discussed in the committees of the two main shareholders and decisions were made on further financing. At that time, the components included compensation for the financial COVID-19 damage during the lockdown period from March to June 2020 totalling 1,9 million euros and temporary restructuring aid amounting to 6 million euros. The latter has not yet been called upon. The financial requirements for the next five years (up to 2025) are calculated from the following: