Warren Buffett's plan to buy Egelsbach Airport, a landing strip near Germany's busiest airport in Frankfurt, cleared a key hurdle after the town council voted in favor of the sale. The council agreed to the sale Wednesday, said Egelsbach Mayor Rudi Moritz and Harald Esser, a local politician who opposes the plan, in telephone interviews Thursday. The decision goes to the town's parliament for a final vote March 5, they said.

Buffett, left, and his business-jet venture NetJets has offered about $4.8 million and pledged to invest at least $39.5 million to buy the unprofitable airport from local cities and municipalities. The purchase faces opposition from some of the 10,000-strong community of Egelsbach, which is concerned about noise and air pollution.