[citation needed] Infratil, an infrastructure investment company from New Zealand held a 90% shareholding from November 2005 until the end of October 2009, when it sold its shares back to the City of Lübeck.

[63] Soon this date was revised to July 2014, when the year-round route to Bergamo as well as the seasonal services to Palma de Mallorca and Pisa ceased.

[64] In September 2015, the airport's new owner, the German subsidiary of the Chinese PuRen Group, also declared bankruptcy.

[66] In March 2016, Wizz Air announced that it would cease all operations to and from Lübeck by 15 April 2016, leaving the airport without any scheduled passenger services.

The last scheduled commercial flight, a Wizz Air service to Sofia, left Lübeck at 20:05 local time on 15 April 2016.

[68] In January 2020, Lübeck Airport announced plans to start a virtual airline, with scheduled flights to Stuttgart and Munich from 1 June 2020.

[69] In March 2023, Lübeck Air announced it would end its ATR flights and seek to start jet operations with another airline.

[72] In 2024, Ryanair announced it would return to Lübeck after a ten-year hiatus, inaugurating scheduled flights to London, Málaga and Palma de Mallorca in 2025.

[73] Lübeck Airport features one small terminal building, containing check-in facilities, a shop and some restaurants.