Germania Fluggesellschaft has found a solution to cover its short-time liquidity needs.
Karsten Balke, CEO of Germania Fluggesellschaft: “With regard to our financing efforts, we have received an important commitment today. In total, the financial support now exceeds the initial target amount of 15 million euros. We should receive the funds in the next week.”
As a result, both the medium- and long-term viability of Germania Fluggesellschaft as an independent medium-sized airline has been secured. The booking situation is good, advance booking figures for the coming months and for the entire 2019 summer schedule are above those of the previous year. Therefore, passengers, suppliers, and contractual partners can continue to rely on the efficiency of Germania Fluggesellschaft in the future. Germania will intensify, optimise, or, if necessary, correct the strategic and structural developments that were started in the past.
Karsten Balke added: “I would like to explicitly thank all of our partners for their past trust and support, especially in the recent days. In this phase of uncertainty, our team succeeded in securing our flight operations without disruptions, all Germania flights were operated as scheduled. I am proud of our employees and would like to extend my special thanks to them.”
Germania is an independent German airline with a history that goes back more than 30 years. The airline with the green and white logo carries more than 4 million passengers per year on short-haul and medium-haul flights. Germania offers connections from 18 departure airports in Europe to over 60 destinations within the continent, in North Africa and the Middle East. Reversing the common industry trend, Germania continues to offer complimentary snacks, soft drinks, magazines and a minimum of 20 kg free baggage allowance. Germania’s business model combines scheduled, charter and ad-hoc flights. Together with Bulgarian Eagle and the Swiss airline Germania Flug AG, Germania operates a fleet of currently 37 aircraft. Germania Technik Brandenburg GmbH is responsible for the company's aircraft maintenance.