The German airline (ST/GMI) announced on his website, Facebook and Twitter after 01:00Z this early morning that they filed for bankruptcy at Berlin-Charlottenburg Court on 4 February 2019. 1100 jobs are dropped.
The airline, active since 1986 has declared in bankruptcy, due to a lack of liquidity. The airline ceased their ops with the final flight ST3711 from Fuerteventura (FUE/GCFV) to Nürnberg (NUE/EDDN) which landed at 00:11Z, operated by an Airbus A319 registered D-ASTO.
Press release :
Germania Fluggesellschaft mbH, Germania Technik Brandenburg GmbH, and Germania Flugdienste GmbH File for Insolvency, Flight Operations Terminated
02/05/2019 – Berlin
Germania Fluggesellschaft mbH, its sister maintenance company Germania Technik Brandenburg GmbH as well as Germania Flugdienste GmbH filed for insolvency at Amtsgericht Berlin-Charlottenburg on Monday, February 4, 2019. Flight operations will be terminated in the night from February 4 to February 5. Germania’s employees have been informed. Swiss airline Germania Flug AG and Bulgarian Eagle are not affected by this step. Karsten Balke, CEO Germania Fluggesellschaft mbH, said: “Unfortunately, we were ultimately unable to bring our financing efforts to cover a short-term liquidity need to a positive conclusion. We very much regret that consequently, our only option was to file for insolvency. It is of course the impact that this step will have on our employees that we regret the most. All of them as a team always did their best to secure reliable and stable flight operations – even in the stressful weeks behind us. I would like to thank all of them from the bottom of my heart. I apologise to our passengers who now cannot take their Germania flight as planned.” Those Passengers affected by the suspension of flight operations who booked their Germania flight as part of a package holiday can contact their respective tour operator in order to organize substitute carriage. For passengers who have booked directly with Germania, there is unfortunately no entitlement to substitute carriage. Germania’s short-term liquidity need emerged mainly due to unforeseeable events such as massive increases in fuel prices last summer and the simultaneous weakening of the euro against the US dollar, considerable delays in phasing aircraft into the fleet and an unusually high number of maintenance events that the airline’s aircraft required were major burdens for the company.
Already on 3 February, we wrote an article about financial problems :
Another one bites the dust in 2019, after Tajik Air on 14 January.
The airline had 28 aircraft, including D-AGER, a Boeing 737-700 wearing the 30 years anniversary colors, and was based at Berlin Tegel (TXL / EDDT) ; Berlin Schönefeld (SXF / EDDB) ; Bremen (BRE / EDDW) ; Dresden (DRS / EDDC) ; Dusseldorf Rhein-Ruhr International (DUS / EDDL) ; Erfurt (ERF / EDDE) ; Friedrichshafen Bodensee-Airport (FDH / EDNY) ; Hamburg Fuhlsbuettel (HAM / EDDH) ; Munich Franz Josef Strauss (MUC / EDDM) ; Munster / Osnabruck International (FMO / EDDG) ; Nuremberg (NUE / EDDN) and Rostock Laage (RLG / ETNL).
Canary Islands had a record of 82700 passengers in 2016 with Germania, while at Madeira, around 100000 annual passengers are lost.
Update : Germania Flug from Switzerland as well as Bulgarian Eagle are still alive and flying at the moment, and are not affected by the bankruptcy of the German airline. Press release to follow in this article.
Eurowings (EW/EWG) gives 50% price tickets to passengers concerned by the situation. More info here
Ryanair (FR/RYR), via its COO announced its wish to hire pilots, engineers, cabin crew and technical specialists in Germany.
Condor, Austrian Airlines, Swiss, TUI fly Deutschland, Lufthansa and Laudamotion announced as well reduced fares.
Press release of Germania Flug AG :
Germania Flug AG – operations in Switzerland continuing as normal
02/05/2019 – Zurich
Glattbrugg, 5 February 2019 – Berlin-based Germania Fluggesellschaft mbH, its sister maintenance company Germania Technik Brandenburg GmbH, as well as Germania Flugdienste GmbH filed for insolvency in Berlin on Monday, 4 February 2019. Swiss airline Germania Flug AG and Bulgarian Eagle are not affected by this step.
Swiss carrier Germania Flug AG is an independent airline with its own Air Operator Certification. The company is therefore not affected by the insolvency of the Germania Fluggesellschaft announced on 4 February 2019 in Berlin. Flight operations from Switzerland are continuing as normal. Germania Flug AG board member Urs A. Pelizzoni: “Our flight operations are continuing as normal. Our current winter flight schedule, this year’s summer schedule and also our plans for the 2019/20 winter season are unaffected by the insolvency announced in Berlin”.
Further information will be announced by Germania Flug AG over the coming days.