Hello! You are viewing your 1 free guest article this week

Please log in or join now for free, immediate and unlimited access to our award-winning online content. Find out more...

Join us
Already a member? Log in here

Travel industry news

05 Feb 2019

BY James Chapple


Germania ceases operations and files for insolvency

German airline Germania has ceased operations and filed for insolvency.

Germania aircraft

Germania ceases operations and files for insolvency

The charter-turned-scheduled carrier made the announcement during the early hours of Tuesday morning (February 5).

It cited rising fuel prices, a strong dollar and ongoing maintenance issues for its troubles.

"Unfortunately, we have not been able to successfully conclude our financing efforts to cover a short-term liquidity requirement,” said chief executive Karsten Balke.

“As a consequence, we had no choice but to file for bankruptcy. Of course, we especially regret the impact this step has on our employees. They have always done their best as a team to ensure reliable and stable flight operations – even in the tense weeks that lie behind us.

“I thank you all personally and with all my heart. Passengers who cannot take their Germania flight as planned, I apologise."

Germania’s operations began in the late-1970s with the company operating primarily as a charter airline.

At the time of insolvency, it operated a fleet of about 37 aircraft carrying more than four million passengers a year.

Passengers due to fly with Germania as part of a package are advised to liaise with their tour operator for replacement transport.

“Regrettably, for passengers who have purchased their ticket directly from Germania, there is no entitlement to replacement transport due to the current legal situation,” said the airline in a statement.

Subsidiaries Swiss Germania Flug AG and Bulgarian Eagle are not affected by the development, Germania said.

Germania served as Sunvil’s charter partner for five years, an arrangement that lapsed after the summer 2017 season.

Chief executive Chris Wright was among the first to acknowledge the news, tweeting: “Sad times having worked with them for five years – another great disappears.”

Sunvil has since struck up a charter partnership with Polish carrier EnterAir.

What’s your view? Email feedback@ttgmedia.com and let us know your thoughts or leave a comment below.

Add New Comment
Please sign in to comment.
Show me more

Follow Us

TTG Media Limited.
Place of registration: England and Wales.
Company number 08723341.
Registered address: New Bridge Street House, 30-34 New Bridge Street, London EC4V 6BJ
Scroll To Top