Germania announces imminent new funding
Independent carrier Germania says it has found a solution to cover its short-term liquidity requirements. The family-run company said Jan 9 that it was looking at a variety of options to assure its short-term funding, following a challenging period marked by increasing fuel prices, a weaker euro currency and delays in bringing aircraft into service. Germania noted that it was operating in a business landscape increasingly dominated by large airlines. The company said Saturday it had found new funding support that would secure its future. “With regard to our financing efforts, we have received an important commitment today,” Germania CE Karsten Balke said. “In total, the financial support now exceeds the initial target amount of US$17m. We should receive the funds in the next week.” <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2019-01-22/unaligned/germania-announces-imminent-new-funding
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Germania announces imminent new funding
Independent carrier Germania says it has found a solution to cover its short-term liquidity requirements. The family-run company said Jan 9 that it was looking at a variety of options to assure its short-term funding, following a challenging period marked by increasing fuel prices, a weaker euro currency and delays in bringing aircraft into service. Germania noted that it was operating in a business landscape increasingly dominated by large airlines. The company said Saturday it had found new funding support that would secure its future. “With regard to our financing efforts, we have received an important commitment today,” Germania CE Karsten Balke said. “In total, the financial support now exceeds the initial target amount of US$17m. We should receive the funds in the next week.” <br/>
