According to Aero Telegraph, German airline Germania is in financial difficulties. I quote:
“The European aviation industry has changed in the recent time”: With these words, the latest press release of the German airline Germania, which she released on Tuesday, “current events” begins. This appears in the message, then continue below: Germania needs money in the short term.
As a reason for financial problems is stated in the notice, among other things, the “massive fuel price increases over the summer of last year while depreciation of the Euro against the US Dollar”; it also “significant delays in the Acquisition of aircraft, as well as an exceptionally high number of technical services to our fleet”.
During the flight operation there is, however, no limitations. All Germania flights are held accordingly to plan.
Germania is considering, apparently, also a for sale
As the industry portal “Aero Telegraph” reported, was Germania shortly before the turn of the year in acute financial difficulties. Up to 27. December have used the German airline 20 million euros, to be able to fly further, according to the Portal, relying on several independent and consistent sources.
Therefore, it is no longer just a short-term funding gap: a sale of the whole of the Germania group in part or as a Whole, according to “Aero Telegraph” a current topic. However, the search for new shareholders had been unsuccessful.