ArmInfo. The airline Germany and its subsidiary maintenance companies Germany Technik Brandenburg and Germany Flugdienste have declared bankruptcy. As the press service of the Zvartnots airport told ArmInfo, the company notified of its bankruptcy and the suspension of direct flights from Berlin to Yerevan to Berlin.
The German private airline Germany, founded in 1978, filed a lawsuit in court to declare its own bankruptcy. As stated in the official statement of the airline, liquidity problems have arisen due to a sharp rise in fuel prices while simultaneously weakening the euro against the dollar. In addition, according to Germany, there were significant delays in the phased commissioning of aircraft and an unusually large number of maintenance cases.
"We very much regret that our only option is to file for bankruptcy. Of course, we most of all regret the impact that this step will have on our employees. All of them, as a team, have always done everything possible to ensure reliable and stable flights, even in those tense weeks that were left behind, "the words of Germany CEO Karsten Balke are quoted in the message.
He also apologized to customers.Flights will be stopped on the night of 4 to 5 February. Passengers who managed to purchase airline tickets as part of tour packages should contact the tour operator, the report says. It also states that if the ticket was purchased directly from Germany, then the customer does not have the right to return it.Germany is a German private airline. The headquarters is located in Berlin. The company flew to many European countries, as well as to Morocco, Tunisia, Israel, Egypt, Armenia, Iraq, Iran and Lebanon. Earlier, the BBC reported that Germany is looking for a buyer. According to DW, the airline due to financial problems in January was unable to pay a salary of 1.1 thousand of its employees.
The company has 37 aircraft in total; it operated flights from Dusseldorf and Munster. Amid the withdrawal from Air Berlin last year, Germany increased the number of flights by almost 40 percent, and also planned to build its new main office in the area of the new Berlin-Brandenburg airport.