Germania fails to attract investors; permanently shuts down
Germania will be permanently shut down, its administrator Rüdiger Wienberg said Monday. “It was clear from the beginning given the circumstances that it would be extremely difficult to rescue [the airline],” Wienberg wrote. “Germania was grounded, we had no owned aircraft and no money to pay for lease rates. We rolled out the red carpet for interested parties, but unfortunately no one could or wanted to walk across it.” Germania had filed for bankruptcy Feb 5 and immediately stopped flying. According to Wienberg, he has been talking to 1 potential investor for the flight operations part of the business and 2 other potential investors for the MRO division. Separately, he aimed at continuing the business as a wet-leasing operation, but with lessors taking back more and more aircraft that turned out to be impossible. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-26/unaligned/germania-fails-to-attract-investors-permanently-shuts-down
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Germania fails to attract investors; permanently shuts down
Germania will be permanently shut down, its administrator Rüdiger Wienberg said Monday. “It was clear from the beginning given the circumstances that it would be extremely difficult to rescue [the airline],” Wienberg wrote. “Germania was grounded, we had no owned aircraft and no money to pay for lease rates. We rolled out the red carpet for interested parties, but unfortunately no one could or wanted to walk across it.” Germania had filed for bankruptcy Feb 5 and immediately stopped flying. According to Wienberg, he has been talking to 1 potential investor for the flight operations part of the business and 2 other potential investors for the MRO division. Separately, he aimed at continuing the business as a wet-leasing operation, but with lessors taking back more and more aircraft that turned out to be impossible. <br/>
