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Financial problems : the airline Germania in urgent need of money

Well, a year after the Bankruptcy of Air Berlin, the Germania airline as another aviation company in the capital is now in financial difficulties. Check options to secure short-term liquidity needs, the company said. "It goes to the Central question of how we remain as a medium-sized company in a market environment strongly shaped by airlines, with group-like structures," said Germania. During flight operations, there were no restrictions; all of the flights would take place on schedule.

the reason for the imbalance is the break situation in the European aviation industry. The massive fuel price increases in 2018, would have led to a simultaneous depreciation of the Euro against the Dollar, to the problems, adding significant delays in the entry into service of new aircraft, as well as an extraordinary high number of technical services came to the existing fleet. Germania, which operates with its subsidiaries in Switzerland and in Bulgaria 37 aircraft is in the conversion to an all Airbus fleet.

Persistent rumors about economic problems

rumors about economic problems have been there for weeks, said the head of the flight attendants ' Union UFO, Nicoley Baublies, the daily mirror. The staff had not yet been informed of the Situation.

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Given the size of the company and the market situation of the industry, further consolidation was expected, so Baublies. If an Airline was apparently forced out of insolvency legal reasons, to such a communication, would be the short-term entry of investors is urgently needed to ensure the continued existence, said Baublies. As a possible prospective, he called the International Airline Group (British Airways/Iberia), or a consortium of Lufthansa and Easyjet.

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