What reasons led her to bankruptcy?
The German airline Germania announced through its website that it is declaring bankruptcy and canceling all flights scheduled for its aircraft.
The low-cost company, with 37 aircraft in its fleet based in Berlin, served mainly passengers from Germany and Switzerland traveling to tourist destinations in the Mediterranean and the Middle East.
It also operated flights from France, departing from Toulouse, as well as from Stockholm Arlanda and London Gatwick airports.
It carried over 4 million passengers annually.
The management of the German company explained that it could not secure the necessary funding to "meet its short-term liquidity needs".
"The only possibility we had was to declare bankruptcy," said Carsten Balke, the company's general manager, apologizing "above all to the employees." of the company, as well as passengers who had already purchased a ticket for some of its flights.
Those who bought a ticket from a travel agency as part of a package that includes flight and accommodation "They can contact their travel agent to book another flight", assured Germania, but for passengers who "Booked a ticket directly" from the company "Unfortunately does not exist" no possibility to be served, he clarified.
"Unforeseen developments", such as "the sharp rise in the price of kerosene last summer and the simultaneous decline of the euro against the dollar, the long delays in the integration of aircraft into our fleet and the unusually high number of maintenance required by our aircraft burden for the business ", as Balke explained in his announcement.