Independent Berlin-based carrier Germania says it has found a solution to cover its short-term liquidity requirements.

The family-run company said Jan. 9 that it was looking at a variety of options to assure its short-term funding, following a challenging period marked by increasing fuel prices, a weaker euro currency and delays in bringing aircraft into service.

Germania noted that it was operating in a business landscape increasingly dominated by large airlines.

In a statement issued Jan. 19, the company said it had found new funding support that would secure its future.

“With regard to our financing efforts, we have received an important commitment today,” Germania CEO Karsten Balke said.

“In total, the financial support now exceeds the initial target amount of €15 million ($17 million). We should receive the funds in the next week.”

As a result of this imminent cash infusion, “both the medium- and long-term viability of Germania Fluggesellschaft as an independent medium-sized airline has been secured,” the company added. “The booking situation is good, advance-booking figures for the coming months and for the entire 2019 summer schedule are above those of the previous year.

“Therefore, passengers, suppliers, and contractual partners can continue to rely on the efficiency of Germania Fluggesellschaft in the future.

“Germania will intensify, optimize, or, if necessary, correct the strategic and structural developments that were started in the past.”

Balke added that, despite the uncertainty engendered by the company’s Jan. 9 announcement, “our team succeeded in securing our flight operations without disruptions [and] all Germania flights were operated as scheduled.”

Germania operates scheduled, charter and ACMI services. Together with its Swiss and Bulgarian subsidiaries, it has a 37-strong fleet, comprising 21 Airbus A319s, seven A321s and nine Boeing 737-700s.

Alan Dron