SATURDAY, 23 FEB 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2018_728x90px
GloriaJeans_266x90px
IMH LTD

Prodromou: We Expect the UN to Include Guterres Framework, as Clarified by the UNSG

Wicker: The US has Strong Interest in Cyprus' Reunification

IMH LTD
PwC_Cyber_Security_13/02-22/02_468x60px

HOTEL, TOURISM & LEISURE

Germania Airline Files for Bankruptcy

Germania Airline Files for Bankruptcy

Budget airline Germania has filed for bankruptcy and cancelled all of its flights with immediate effect.

The Berlin-based airline, which flew to destinations across Europe, Africa and the Middle East, transported more than four million passengers a year.

It blamed rising fuel prices and currency fluctuations as two factors, the BBC reports.

"We ultimately failed to successfully complete our financing efforts to meet short-term liquidity needs," said managing director Karsten Balke.

"We very much regret that, as a consequence, we had no choice but to file for bankruptcy."

The company said that passengers who had booked flights as part of a package should contact their tour operator to make different arrangements, but added that people who booked directly with them were not entitled to a replacement flight.

It is another blow to the German air industry after the country's second biggest carrier at the time, Air Berlin, filed for insolvency in August 2017.

According to Cyprus airports operator Hermes, the airline was operating four flights a week to Paphos from four German airports; Berlin, Dusseldorf, Hamburg and Nuremberg, carrying some 50,000 visitors to the island last year.

Winter traffic, according to Hermes, was in the region of 700 passengers a week across the four flights, the Cyprus Mail reports.

Around 80 per cent of visitors booked online and will be sorted out by the airline, Top Kinisis, which is listed as the representatives for Germania in Cyprus.  It added that any Cypriots who booked, but they were very few, should contact their bank to secure a refund, as was the case with Cobalt airlines.

 

 

MORE ON HOTEL, TOURISM & LEISURE

Tourist Arrivals up by 8% in January Due to Increase in UK Flow

 The significant increase in arrivals mainly from the United Kingdom has boosted ...

Cyprus’ Residents Trips Abroad Increase by 11% in January 2019

Cyprus residents that returned from a trip abroad in January 2019 amounted to 119,570 ...

Emirates Signs Deal for 40 A330-900s, 30 A350-900s

Emirates airline today announced an order for 40 A330-900 aircraft, and 30 A350-900 ...

FROM AROUND GOLDNEWS

   

Share of Energy from Renewable Sources in Transport at 2.6% in 2017

The share of energy from renewable sources used for transport in the European Union (EU) stood at 7.6% in 2017, compared with 3.1 % in 2007. Although the ...
   

Unemployment Falls to 7.6%

Unemployment in Cyprus fell to 7.6% of the labour force in the 4th quarter of 2018, from 7.8% in the 3rd quarter, according to the Labour Force ...
   

Confusion Among Businesses about Benefits in Kind

The provision of Benefits in Kind is a practice currently followed by a significant number of businesses across Cyprus, with the aim of both creating an ...
   

Celestyal Cruises: New Goals and New Itineraries for the Year Ahead

Enjoying a dynamic presence in Greece and Cyprus, Celestyal Cruises, a member of the Louis Group, recently published official results for 2018, highlighting ...
   

Government Spokesman: No Predetermined Date for ExxonMobil’s Drilling Results

Government Spokesman Prodromos Prodromou has said that the government did not have a predetermined date for the announcement of ExxonMobil’s drilling ...
   

Trump: US Shouldn’t Block Technology

US President Donald Trump has said he wants the US to become a technology leader through competition rather than by blocking others, the BBC reports. Trump ...
   

Wicker: The US has Strong Interest in Cyprus' Reunification

Vice President of the Parliamentary Assembly of the Organization for Security and Co-operation in Europe, US Senator Roger Wicker has said that the US has a ...
   

Cathedral City Firm to be Bought for £975M

Dairy Crest, whose brands include Cathedral City cheddar and Country Life butter, has agreed to be bought by a Canadian company in a near-£1bn deal, the ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Deloitte_2016_300x250px
GloriaJeans_300x250px

IMH LTD