The German airline Germania is in financial trouble. There is a short-term need for liquidity according to a press release distributed on January 3. In order to resolve this problem, Germania is examining several financing options.
Germania has provided several reasons for the problems – massive increases in kerosene prices in the summer with a simultaneous depreciation of the euro against the U.S. dollar and a delay in the provision of aircraft.
According to Germania, the question now is how to assert itself as a medium-sized company in a market dominated by large corporations.
There are no restrictions on flight operations; all Germania flights continue as scheduled.
