Germania Group’s new subsidiary, Bulgarian Eagle, has received its air operator’s certificate (AOC) from Bulgaria’s aviation authorities. Bulgarian Eagle is a new aircraft-crew-maintenance-insurance (ACMI) carrier that was founded in November 2016 to increase Germania’s presence in the wet-lease business segment.

According to Germania, one 150-seat Airbus A319 will be based at London’s Gatwick Airport. The first aircraft bearing the Germania livery will initially operate on Germania routes.

Germania CEO Karsten Balke said: “From the very start, wet lease was an important feature of Germania’s operations, and now we are strengthening once again.”

A large part of the Germania fleet was used by other airlines on the basis of wet-lease arrangements. As these contract periods became increasingly shorter, the airline was unable to offer wet-lease options, given the other aspects of Germania’s business model and structure.

Bulgarian Eagle CEO Ralf Nagel said: “As our fleet expands, we can well imagine that in the future we will also make our services available to other airlines.”

Germania transports more than 2.8 million passengers per year from 20 European airports to more than 55 destinations within the continent, North Africa and the Middle East.

Together with its Swiss affiliated company Germania Flug AG and Bulgarian Eagle, the airline currently operates 29 aircraft.

Kurt Hofmann, hofmann.aviation@netway.at