After declaring bankruptcy and stopping operations as a Berlin-based carrier just two weeks ago, Germania Flug has risen from the ashes.
Germania Flug is taking off for the first time in a new identity – as an entirely Swiss-owned national carrier. The company’s share capital is now 100% in Swiss hands.
Having declared bankruptcy and ceased operations as a Berlin-based airline just two weeks ago, Germania Flug AG has risen from its ashes with a former Air Berlin technical director, Tobias Somandin, as its chief executive.
The change in ownership occurred earlier this month, ch-aviation writes, but the value of the transaction has not been revealed – nor has precisely who acquired it.
“We have taken an important step. And we have kept our promise to ensure that our flight operations will continue as planned,” says Somandin.
“We remain on course and are delighted with the confidence and trust our airline continues to enjoy among Swiss tour operators, travel agents and passengers.”
Various procedures are currently in progress, the reborn airline says, while services which until now have been provided from Berlin will in future be integrated into the Swiss company’s new structures or outsourced to “selected providers”.
These discussions and negotiations are still ongoing, and “until this process is finalised these services will continue to be provided from Germany”.
“Our top priority is to continue ensuring reliable and stable flight operations. Other planned steps include rebranding and a modified corporate identity,” Somandin reveals.
Germania Flug says it “remains on course” for its current winter flight programme and 2019 summer schedules.
It is also expanding its charter operations and will in future take over the Zurich-based Balkan specialist Air Prishtina’s flights between Basel and Pristina in Kosovo on a full charter basis.
The airline’s summer expansion plans remain unchanged, with Somandin reconfirming plans to increase capacity.
“We will also continue to lease aircraft, because a leased fleet gives us the flexibility to meet the requirements of our passengers and partners,” he says.