Germania was founded in 1986 as a successor to the Cologne-based airline Special Air Transport. According to its own figures, the Airline transported with the green and white Logo route every year more than four million passengers on Short – and medium -haul, within Europe, to North Africa and the Middle East. Together with the Swiss Germania flight AG and the Bulgarian Eagle Germania currently operates a fleet of 37 aircraft.
On Tuesday evening, the airline announced that it is considering several options to secure short-term liquidity needs. Due to increased costs, several airlines in Europe had gone into bankruptcy in the past year; including Small Planet and SkyWork, which also flew targets from Bremen. The Irish budget airline Ryanair had also justified the closure of its base in Bremen with increased cost pressure.
Berlin-based airline Germania has filed for bankruptcy and cancelled all flights with immediate effect, the company said early Tuesday.
“Unfortunately, we ultimately failed to successfully complete our financing efforts to meet short-term liquidity needs,” said managing director Karsten Balke in a statement.