Traveltek

Published on Tuesday, February 5, 2019

Budget airline goes bust



Berlin-based budget airline Germania has gone bust, cancelling all of its flights with immediate effect.

The airline, which carried more than four million passengers a year across Europe, Africa and the Middle East, blamed rising fuel prices and currency fluctuations for its demise.

"We ultimately failed to successfully complete our financing efforts to meet short-term liquidity needs," said managing director Karsten Balke.

"We very much regret that, as a consequence, we had no choice but to file for bankruptcy."

The company said that passengers who had booked flights as part of a package should contact their tour operator to make alternative arrangements. Passengers who booked directly with the airline are not being offered replacement flights.

The airline did not fly to the UK.

Its collapse follows the demise of Air Berlin, which filed for insolvency in August 2017. Many of its routes were picked up by easyJet.

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  • At least.....

    ....they can't blame Brexit!

    By Peter M42, Wednesday, February 6, 2019

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