FBB secures early refinancing of €1.2 Billion

Flughafen Berlin Brandenburg GmbH (FBB) has successfully completed a comprehensive refinancing package worth €1.2 billion with a five-year term on the capital market. The new financing replaces guaranteed liabilities incurred during the construction of BER. FBB was able to secure twelve banks for the financing – German, European, and international institutions, including both commercial banks and state and development banks. The consortium is led by NORD/LB Norddeutsche Landesbank and Commerzbank AG. This marks an important step for the company on its way to financial independence.

“The refinancing package is a major milestone for BER,” says Aletta von Massenbach, Chief Executive Officer of Flughafen Berlin Brandenburg GmbH. “Refinancing existing loans on our own is a joint success, driven by economic discipline and our company’s strengthened reputation. We are particularly pleased that the positive development at BER during the past five years has been so well received in the banking world. We thank our banking partners for their trust and our shareholders for their support on the path to financial independence.”

FBB on course toward financial independence  

BER opened on October 31, 2020, after a long construction phase and under the challenging conditions of the COVID-19 pandemic. In response to the severe impact of the crisis, FBB developed a comprehensive financing concept in 2021 together with its shareholders – the states of Berlin and Brandenburg and the Federal Republic of Germany. This concept included equity injections totalling up to €2.4 billion and a partial debt reduction. The goal of this plan is FBB’s financial independence. The early refinancing of the syndicated loan, due in July 2026, on the capital market without shareholder guarantees marks another key step in implementing this financial plan.

Final equity injection from shareholders will be lower

Under the partial debt release plan, the final equity injection from the airport’s shareholders is scheduled for February 2026. It will be used to repay the remaining loans and represents the final step toward FBB’s financial independence. Originally, shareholders had planned an injection of up to €660 million.

Following an intensive due diligence process by the banking consortium, an equity injection of up to €500 million will now be sufficient to achieve FBB’s financial independence. The previously committed amount of up to €660 million will therefore not be fully utilized.

Positive results after five years of BER

Since its opening, BER has developed into an efficient, high-performing, and future-oriented airport. More than 100 million passengers have travelled through BER so far, including 25.5 million last year alone. The start of the autumn holidays on Friday, October 17, 2025, was the busiest day in the airport’s history, with 102,059 passengers.

Today, 70 airlines connect the Berlin-Brandenburg region with some 150 destinations worldwide. BER continually invests in modernising its infrastructure and in services for its customers. Passengers can largely organise their stay at the airport themselves – from self-service check-in and baggage drop-off to modern security checks and high-quality shopping and dining options.

The airport has received several international awards for its development, including the Airport Innovation Award 2023 and the designation as a 4-star airport by Skytrax in early 2025.