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Update Concerning Current Events: Successful Financing Negotiations

Direct News Source

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.”

This press release was sourced from Germania on 19-Jan-2019.