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The airline Germania is in urgent need of money

The airline Germania is in crisis and is in urgent need of money: The Airline check "currently several options for a financing to secure short-term liquidity needs", say it in a on Tuesday evening in the widespread message of the company. The European aviation industry have changed in the recent past, "strong", said Germania to justify. Especially the past year has been connected "with big challenges".

Germania called "massive fuel price increases" during the summer, coupled with the depreciation of the Euro against the Dollar, delays in the Acquisition of aircraft, as well as an "unusually high number of technical services" to the own fleet as a burden for the company. It is now a question of how Germania as a medium-sized company in a market environment, which was dominated by Airlines with "group-like structures".


The air-travel-Portal "Aerotelegraph" is also reported to be a sale of the company possible. The search for new shareholders, but so far have been unsuccessful. According to the report, Germania needed shortly before the turn of the year, 20 million Euro, to be able to continue to fly. A Germania spokeswoman did not comment on this information on Wednesday morning.

Despite the money problems, however, all the flights should take place as planned, made it clear the airline. The Airline is headquartered in Berlin and transported according to its own figures, every year, four million passengers and flies to more than 60 destinations. Together with the Swiss Germania flight AG and the Bulgarian Eagle Germania currently operates a fleet of 37 aircraft.

The Swiss Germania flight AG has its headquarters in Glattbrugg. The Swiss offshoot flies in March of 2015, and currently has 100 employees. The fleet consists of one Airbus A321 and two Airbus A319. The German Germania holds 40 percent of the Swiss holiday airline. Whether the Germania flight AG is affected by the crisis, the German Airline, could not tell the Swiss press Secretary on request.

The Germania flight AG was independent and could exist without the German Germania, confirms the PR-boss Lars Wagner on request. The difficult conditions in the industry but would affect both companies equally. (anf/afp)

Created: 09.01.2019, 10:11 PM

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