Germania Halts Operations and Files for Insolvency | Aviation International News

Germania Halts Operations and Files for Insolvency

The Berlin-based airline is the latest on a growing list of recent airline failures in Europe.

Berlin-based Germania has stopped all flights and applied for insolvency after failing to cover a "short-term liquidity problems." (Photo: Germania)

By Cathy Buyck • Contributor - Europe

February 5, 2019

The German civil aviation authority Luftfahrt-Bundesamt today revoked the operating license of Germania Fluggesellschaft after the company filed for insolvency and ceased flight operations in the night between February 4 and February 5. The Berlin-based leisure carrier blamed “unforeseeable events” such as the increases in fuel prices last summer and the simultaneous weakening of the euro against the U.S. dollar, as well as “considerable delays” in phasing aircraft into the fleet and an “unusually high number” of maintenance events for its short-term liquidity need.

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