Berlin-based airline Germania has declared insolvency and
In a statement Tuesday, the company blamed summer increases
in fuel prices, the weakening of the euro versus the dollar, high aircraft
maintenance burdens and delays in phasing aircraft into its fleet for the
liquidity crunch that has forced the closure.
Germania operated short- and medium-length commercial and
charter flights to destinations in Europe, North Africa and the Middle East.
The carrier flew more than 4 million passengers annually, according to its
Germania's closure follows the collapse in late 2017 of what
was then Germany's second-largest airline, Air Berlin. U.K.'s Monarch Air also
ceased operations in late 2017, and Danish budget carrier Primera Air collapsed
Germania said that individuals who booked tickets as part of
a package deal can contact their tour operator for an alternative flight.
"For passengers who have booked directly with Germania,
there is unfortunately no entitlement to substitute carriage," the company
Germania's sister airlines, Bulgarian Eagle and
Switzerland-based Germania Flug, continue to operate.