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Germania Halts Operations and Files for Insolvency

February 05, 2019 / Cathy Buyck

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.The company could not be reached by AIN to comment on the nature of the aircraft delays, though they are unrelated to its outstanding order with Airbus for 25 A320neos as deliveries were due to start only in January 2020. At an event at Airbus in Hamburg in March last year, Germania CEO Karsten Balke described Germania's investment in the new aircraft and the fleet standardization as t...