German airline Germania has filed for insolvency and grounded its planes after failing to secure short-term financing to stay aloft. German airline Germania has filed for insolvency and grounded its planes after failing to secure short-term financing to stay aloft. The Berlin-based airline, which had more than 30 planes and carried over 4 million passengers per year, halted its operations with immediate effect. It served short and medium-haul routes on both a scheduled and charter basis. Germania acknowledged in early January that it was in financial difficulty and was unable to pay its employees last month.

Source: Irish Independent February 05, 2019 07:31 UTC