The company Germania Fluggesellschaft, which had been operating flights for more than 30 years, announced that it filed for bankruptcy yesterday, thus ending its flight operations.
The last Germania flight to land was ST3711 to Nurnberg.
Karsten Balke, director of the company, said: “Unfortunately, we were unable to leverage our funding efforts to cover a short-term liquidity need to continue operating. We very much regret that, as a result, our only option was to file for insolvency.”
“It is clear that the impact of this step affects all our employees, it is what we regret the most. All of them, as a team, have always done their best to ensure reliable and stable flight operations - even in the stressful weeks that are behind us. I would like to thank everyone from the bottom of my heart. I apologize to our engers who are now unable to take their flights on Germania as planned.”
Balke justified that Germania's financial problems, which began to happen a short time ago, are a reflection of unpredictable events that affected the company's operations, such as the short-term rise in fuel prices during the high season, and the high of the dollar against the Euro. The company was also affected by delays in the entry of new aircraft into the fleet, which reduced supply and increased the number of aircraft depending on maintenance.
Before the bankruptcy, Germania carried around 4 million engers a year, serving 60 destinations. The company distanced itself from the Low Cost model, and offered snacks, soft drinks, magazines and a minimum of 20 kg of free luggage on its flights.
Swiss airline Germania Flug AG and Bulgarian Eagle are not affected by this bankruptcy filing.
For engers who have booked flights directly with Germania, unfortunately, they are not entitled to substitute transport. For those who purchased through tourism companies, they can the respective company to reschedule the ticket.
