02/05/2019 at 14:09 • Filed to: None | ![]() | ![]() |
33 year old German airline cased operations today after they failed to find new investors.
Company’s statement:
Germania’s failure comes after only two years, since Air Berlin’s demise in late 2016.
They also had 25 A320 Neos on order that were to be delivered from 2020. Needles to say that they won’t be taking delivery of those.
Auf Wiedersehen...
![]() 02/05/2019 at 14:35 |
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How could this happen? I would totally trust a German to fly me ...
![]() 02/05/2019 at 15:18 |
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flybe can be yours for only $3 and change million - comes with 78 airplanes and 2500 employees...
It may have a few debts though...
![]() 02/05/2019 at 16:52 |
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Sounds like people who have bought tickets aren’t getting their money back (which isn’t shocking, but definitely a bad deal for them). Hopefully most of them bought recently enough that they can dispute the chargers with their credit card company.
![]() 02/05/2019 at 18:46 |
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I’m still confused on how buisness works , is it revenue or investors you need to stay in buisness?
![]() 02/05/2019 at 21:54 |
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When you don’t have enough revenue to cover your costs , you need investors to cover your losses until you (hopefully) get back into the black.