German leisure carrier Germania filed for bankruptcy Feb. 4 and halted flight operations the same evening following months of increasing financial difficulties. “Unfortunately, we ultimately did not succeed in concluding our financing efforts to cover our short-term liquidity requirements,” CEO Karsten Balke said in a statement. “We regret that as a consequence there was no other option than filing for insolvency.” The airline had made the filing Feb. 4, but in ...

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